Keeping track of receipts is a crucial part of claiming tax deductions and passing an IRS examination. While it can be very annoying to remember to do this with your expenses, good tax planning is all about creating s...
I recently got a bid for a rental rehab project . There is a 13% management fee included in the final price. Is this normal? It’s the first time I’ve seen a management fee assessed. What’s the average percentage ? Th...
Hey Guys, what are your thoughts on Mixed properties. For example a duplex with a commercial front store? I am new to real estate, if the numbers make sense should I consider buying one as my first rental property or ...
If i have thousands of names and leads. Who is to say an investor that built the CRM does not look at my leads if we are in the same market?
The previous owner somehow omitted the sliding floor to ceiling closet doors so I did not get it with the house. They are the fake brown wood that was custom by the builder. I called a door place and was quoted so...
We have three different entities (for legal and ownership purposes), and are doing rehabs, new construction and remodeling. I'm looking for a good procedure to track our sub-contractor agreements and their certificate...
A son of tenant(section 8) has been getting paid $100 per month from the previous owner to sweep and do the garbage duties once a week. but I found that he does garbage, but not sweep. also he accumulated LOTS OF HIS ...
Hey Guys,
I reviewed the lease (created by our property management) for our tenants, and I feel like we, the landlords, are not protected enough on that lease. for example, I would want to add an addendum about "chang...
In Chicago it's common for multi-family buildings to have a coach house behind the main building, which 120 years ago was legitimately for storing your horses and carriage, but now has been converted to an additional ...
I am currently rehabbing a 6 unit apartment building. I'd like to go with all smart locks to avoid having to make, copy and store keys. Plus I would like to have separate code for maintenance people, cleaning people, ...