Michael Calderaro
Laundry Room Issues - How commissions are paid to your property
Greetings Gentle Readers!Today's topic is one that is of some concern to multifamily apartment owners currently in a laundry lease or thinking about signing a laundry lease."Commissions" is a colloquial term used by l...
Benjamin West
AirBnB Stay Tax Deductible?
I currently have an operating AirBnB in Colorado and looking to do a vacation this winter, staying in some AirBnBs while on the trip. Is it legitimate to write off the cost of the travel and accommodation as business...
Rudy Manna
Missing Sump pump
I am have a rental property (MFH) on contract that has missing sump pump. Any rough estimates on how much it takes to install cheaper sump pump (e.g., pedestal sump pump). The property is in low income neighborhood he...
Jeff Ronningen
Accounting Software
Long time reader, first time poster. I'm building a portfolio of properties, have 5 currently which total 14 units. I'm about to form my second LLC. I plan to keep growing and will probably create more LLC's. I ha...
Luke Babich
HVAC upgrades: should we install Ductwork or a Mini-Split?
New 4-family property.At Arch Buyers, my business partner and I just bought a 4-family property in St. Louis County. The two upstairs units have brand new duct-work. There are furnaces in the attic to provide forced a...
Brian O'Neill
Unfair Laundry lease with shady company
I recently bought a 6-plex and there was a washer and dryer in the building. Nothing about any contract or lease was mentioned by the seller at the time of closing, and admittedly, I didn't ask what the deal was w...
Account Closed
Car Wash
Hi Guys - I'm looking into my next investment and I came across a car wash. I like the location and the price point. I've never dealt in anything like this so I'm not sure what type of expenses to expect but there are...
Shari Posey
Is this an O.K. deal? 5-plex
The property I'm looking at is a "rehabbed" 5-plex. The owner bought it earlier this year for $290k but really didn't do much to it other than some minor maintenance and paint the exterior (ugly). There's room for ...
Paulus Anglada
Country/Farm Niche?
So I'm closing on a fixer this weekend. 3bed/3bath sitting on 10 acres. About 2 miles from my house. I'll be doing some major renovation, and plan to re-fence the pasture for horses. I'm thinking it might be a good ni...
Dan Miller
Need help in establishing a power team and a business entity
Hi all,
I'm trying to figure out how to build a power team and who should be on it. I think the most important pieces for me right now are an accountant and maybe a RE attorney, but not sure what role each plays. I ...