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I’m purchasing an office building for $5+m in 2022 with plans to do a cost segregation study to take advantage of 100% bonus depreciation. I won’t be able to use all the depreciation immediately and it’s my understand...
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Hey Everyone!I was just looking at this post of mine from January and realized that I've come along way since then. I think an update now is great to share in order to get your support and hopefully connect with more ...
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Hi All,I was wondering if anyone has had experience with transferring a PennyMac Loan from your name to an LLC. We talked to a lawyer and they said the lender should be able to provide documentation that "due on sale...
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I'm sure some of you have run into this before. A property I purchased in an amazing neighborhood has garnered some interest already (before even starting on any work) from friends/colleagues of friends. One in partic...
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I’m exploring the idea of using one of the vacation rental software systems with my Airbnbs. I got a lot of good feedback from this board, thank you! I like the features of Hostaway. Does anyone have any feedback o...
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After going through lots of time of miscalculation of owner statement and other issues with the property management, I gave 30 days notice to the property management.I requested the entire files of the tenants ( the f...
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Hi guys,
We often hear in the podcasts folks with large portfolios using property management software to offload on bookkeeping and admin tasks. How about packages for 1-5 units? Is there anything out there afforda...
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What are some red flags you’ve noticed when hiring contractors? What are some of the nasty games they’ve played with you?Based on a few bad experiences, here are some that give me pause, especially when there are more...
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Hi BP Fam,
I'm in Houston, TX working on leasing a 20K sq ft retail strip center. This is my first time screening tenants so I have a few questions.
1. What are the key criteria you use to screen tenants?2. How have...
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Do you ALWAYS enforce the maintenance deductible?