I have been self managing my properties but now with > 50 units and growing, I am at the point where I need to either hire a 3rd party property manager or hire employee(s) to basically create my own. Any suggestio...
Talked to my accountant today and he suggested I send 1099's. He said it is unclear what the repeal is all about. So, I went to the IRS to get forms and the lady at the counter said I am a trade or business and need t...
Hi, STR fellowsI have a few questions on managing short-term rentals and wonder whether I could get some help from you more experienced STR managers here:1. Are there really good books/podcasts on managing short-term ...
Five signs of a guru scam1. He tells you he’s doing this because “he want to give back”2. He states “ if you think education is expensive you ought to try ignorance” 3. He has employees standing by who can arrange an ...
I thought it would be nice to hear from other investors about how their payroll came to be, and what positions are on it.
If you could rank your employees in order of importance and put a brief description of their d...
Hi everybody! My name is Kyle Guida and im from Bloomingdale, IllinoisGreat to finally be a part of the BP community. I am a brand new investor currently working on my first home (SFR) . I own a small local landsca...
Folks,
I recently stumbled on a somewhat ridiculous dilemma and I am hoping that this forum may give me some advice. We have been investing in Boston/ Cambridge area for a few years now and it has been a gratify...
For those in syndication that have an acquisitions manger, how do you compensate them?
Salary?
Flat fee per closed deal?
Equity?
I'm a W-2, gig economy worker in TV. I've been doing this about 15 years, I'm 40 years old. 90% of my income is W-2 the other 10% is 1099. I have been doing a Roth IRA for about 4 years and I opened a regular broke...
Several Basic Fraud Schemes to Note:I have now been in accounting and specifically in Forensic Accounting and Fraud Examination for 7+ years not only dealing with your typical frauds, embezzlement, theft, and breach o...