All Forum Posts by: Polina Orlova

I use MS Access.  I find it much more useful when you have multiple properties.  

I would do step 1 and 2. You need to be putting away money each month for Cap ex. Not sure how many units you have and your property types, but around 3-5%, possibly more depending on age of building and features. I would then buy more properties and use that cash flow to pay off the 401k loan in time

 If you're looking at Cleveland the 1st place you want to start your research is going to be reading The Ultimate Guide to Grading Cleveland Neighborhoods. From there you should have a much better perspective as to what parts of the city make sense for your budget & risk tolerance. 

I can’t speak for the other cities, but as an agent in Rochester, NY, I can agree with this city. Rents are fairly high in comparison to the prices, but, I am seeing quite a bit of tenants not paying, and it’s not a landlord friendly state.

@James Beaver

There are several reasons that investors have an accounting system in place for their real estate investments.

One reason is to determine how profitable their investments are. You can also compare how the actual income/expenses compared to your budget/estimates.

The financials can also be used by your accountant to make tax filing easier.
Financials can also be required/requested if you are requesting funding from a bank/investors.

unrealized gain/(loss) on an investment is not a taxable event.

I don't see an issue in recording appreciation on a real estate.
Your accountant shouldn't complain, it is all about the reasons that you want to have your books. Your accountant should know not to include unrealized appreciation on your tax return.

That is because either a jilted applicant or a competitor has "reported" you to the Republic of Facebook for being a filthy capitalist, and you were unilaterally shut down.  No due process for joo!

I'm only half-kidding.  I used Marketplace for a minute before I was banned for some similarly-inexplicable reason.  When FB was ebbing in eyeball-counts, I created a profile (as I was not a FB user), and wait out their seasoning process until I could (a) see the Marketplace icon and later (b) post to Marketplace.  This took literally months.  Then I was canceled in about a week or two of advertising.  As this feebleminded old man I know is fond of saying, "Not a joke." 

As the OP, I had a ton of inquiries but all were universally sub-par in prospect quality.  Huge waste of time.  I use Zillow and, believe or not, Craigslist still yields some quality folks in our market.  I would stick to marketing in "America."  Good luck!  

@Polina Orlova 

It seems that there is an on going problem on Facebook Marketplace where certain ads are being flagged as community violations simply because they are being reported by tenants or anti-landlord groups who may not agree with the price or something they see in the ad (Photos).

This is a serious issue, as it can cause problems for landlords and property owners who are simply trying to list their properties for rent or sale.