Paul Smythe
Is a Project Management Fee Standard for Contractors?
I'm working on a deal and a quote from one of my contractors has a project management fee included in there. In the BP community's experience, is that a standard line item for most contractors? I've seen budgets with ...
Nick Maugeri
To leverage or not?
I connected with someone recently that said they are paying $600K cash for a 6 unit that is going to generate around $110K in GOI per annum. Wouldn't it be better to put that $600K towards a 16 unit apartment complex?...
Steve Olson
Drone photographer in Houston
Does anyone have a really great photographer they like? Specifically one that does great worth with overhead drone shots? Need footage taken for a project in North West Houston...
Matt McCue
Expenses incurred finding a rental property deductible?
Hi all, are expenses incurred searching for and/or purchasing (going to the closing) rental property tax deductible...whether that be mileage, or airfare to another state?
Billy Smith
Garage door company- KC area
I am looking for a good garage door company in Kansas City ,Johnson county side .I have looked up found companies all the same price give or take ,I even called one back I used 7 years ago he does not recall the job...
John Choi
Question about GC's fee in the Bay area.
The construction cost has been soaring in the last 3 years in the Bay area (I work in the corporate construction industry and our project management office is forecasting 10% escalation in all of the MEP trades in thi...
Joel R.
Am I required to issue 1099s to contractors if I only have one rental unit?
Hello Everyone! I am looking for some advice regarding the 1099 / 1099-NEC tax forms and whether or not I must issue these to contractors for my specific rental property. I currently own just one property (a duplex) a...
Chris Miller
City forcing pricy underground electrical ADU build
Hi All! I’m currently building 2 detached ADU’s in the city of Santa Monica,CA on a current 4plex. We are mid build and the city is telling me that we need to run underground electrical from the street. This would...
Angel Hagen
Stessa for Overall Management
I see some older conversations about Stessa, but nothing that completely answers my question. I use Wave instead of QB for accounting. I hated QB and refuse to use it. I have tried Stessa and I do see its advantage to...
Adam Juodis
What % of rent is a safe estimate for Vacancy/Capex/MGMT/repairs?
I was wondering, when analyzing a potential property to purchase, what % of rents do you account for to be vacancy, capital expenditures, property management, and repairs? I am starting to practice analyzing deals and...