Hi BP Team, I just purchased my first couple commercial properties this year and thought of doing a cost segregation study. My accountant advised me that I could do it myself instead of hiring a company to do s to sav...

As a PM I offer $1500 in coverage for my owners for each stay, this is in lieu of collective security deposits which is a hassle at scale.If I were you for direct bookings I would have a guest agreement, ID verification, and security deposit.How do you conduct the ID Verification on your direct site ?

Years ago I was able to get traditional financing on a property that I bought on auction.com but this is very risky because theoretically you can not enter the property until after you have closed and a traditional mortgage lender has to enter the property in order to conduct an appraisal of the property and they wouldn't be able to do that if they can't enter.

To avoid confrontation and to get an accurate account of the property condition we only conduct an inspection once the tenant moves out.The security deposit likely has to be kept in an escrow account and will have a timeline on when it needs to be returns OR if you laying claim to part or all of their deposit.

., conduct semi-annual risk drills with your property management teams, and plan for worst-case scenarios, not just the "most likely".

I just posted under the "foreclosure" section seeking anyone with good recommendations for a door knocker to conduct an occupancy verification inspection as I've reached out to several nationwide companies and received no responses.

If I see anything that fits your criteria I could pass it your way.Regarding your two specific questions about an attorney and an accountant, it is my general advice that you always work with business professionals when conducting business.

Always check the bio and credentials of the person conducting your Cost Segregation study.

The inspection is conducted after tenants are gone.If you use a handyman for repairs he can walk through and document the condition If you have a real agent you know you could have them walk itHire a home inspectorA pm might do this for youA friend, neighbor, etc.

Had to hire engineering firm to conduct study.