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On the other hand, activities like communicating with tenants, overseeing contractors, and performing repairs are generally eligible. Supporting evidence like receipts, emails, and contractor invoices adds another layer of credibility to your claim. For example, education, investor hours, and certain travel time are excluded.
Case Study: The Cash Flow Shift for a Local Investor To illustrate these challenges, lets examine the case of a real investor, Chris, who purchased a rental property in Indianapolis in 2019.
Over half a million low-rent apartment units were lost between 2019 and 2022. RELATED ARTICLES: Renter Priorities: What’s On Top Of A Tenant’s List? In 2022, a record-high number of renter households (approximately 22.4 million) spent over 30% of their income on utilities and rent. Among cost-burdened households, there were 12.1
On the other hand, activities like communicating with tenants, overseeing contractors, and performing repairs are generally eligible. Supporting evidence like receipts, emails, and contractor invoices adds another layer of credibility to your claim. For example, education, investor hours, and certain travel time are excluded.
Updated 12-13-2019 When it comes to property management, we realize there are many issues to deal with each day. From making sure tenants pay their rent to go into a property after a tenant leaves and making it look like new, there are plenty of issues that can make property management a time-consuming process.
and I never field a phone call or negotiate with contractors. It takes enormous amounts of work: work to find good deals on properties , work to find financing, work to oversee and negotiate with contractors, work to advertise vacant units and screen tenants , sign leases and collect rents, and maintain units over time.
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