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100+ Questions Every LA Multifamily Investor Should Ask

InveServe

Initial Investment & Financing (LA-Specific): What is the total acquisition cost (including purchase price, closing costs, due diligence, and potential seismic retrofitting a critical LA consideration)? What are my financing options specific to the LA market (local lenders, specialized programs)? tenant relocation costs)?

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too. A single account through which all money passes simply wont cut it.

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How to Handle a Bad Contractor

SparkRental

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

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What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

Make Use of Reliable Vendors: Engage in business with contractors who are dependable and economical. A major component of property management is the administration of finances in a manner that is both accurate and transparent. Is your property management service mindful of the management of financial resources that you desire?

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Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

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What to Look for in Potential Homes to Use as Flips

American Apartment Owners Association

Check local zoning laws to ensure that your planned renovations comply with regulations. Ensure that you hire reliable contractors with a track record of completing projects on time and within budget. Ensure that you have secure financing in place and consider having backup financing options available.

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Everything you Need to Know About Investing In Multi-family Real Estate

Beach Front Property Management

Research potential locations and secure financing options. Be prepared to provide documentation like bank statements and federal tax returns to verify your income sources. Once you have your mortgage financing, you can make an offer on your future multifamily property! What kind of cash flows does the property generate?