I know that this is tough to think about when the GC could be taken 15-30% roughly of the project cost for their own business, but that is a number that you need to build into your numbers when running the analysis on a property.

How much is the property worth today?

Also, whatever move you make, think about your next property and your end goal.

Hey folks —Question for those who either self-manage at scale or work with professional PMs.If you have multiple properties and the property manager pays all utility bills (e.g., SCE, LADWP, SoCalGas) using a single company credit card, how do they accurately track which utility charge belongs to which property?

Quote from @Jeff Wolfe: Does anyone know of a listing service to sell Alabama Tax Deed properties.

I am testing out the BP rental property analysis tool.

It’s been phasing out each year since 2023.Depreciation timelines also vary depending on the property’s use:•Residential rental property is depreciated over 27.5 years.

Additionally, it doesn't make sense to set up credit cards for each LLC.I'm considering creating a property management company and running all the costs through the property management company that will be reimbursed by the LLCs for all maintenance and capex costs. 

I think a key in STR's is to be able to underwrite a lot of properties fast.  

The cash-flow should be used to build a reserve for all properties while the equity will create the real wealth.