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What are the hours like in Deal Advisory KPMG?
Hello RSM coworkers! I am thrilled to be moving to RSM into a Scheduler roll. I just found out yesterday and want to be as prepared as possible in the next steps.
So here are my questions.
How long does the background study take? I'm guessing admin staff have a study that is faster and less complicated than someone in Tax ect.
When training at home what did you need that wasn't supplied by RSM? My home office is well stocked but I want to be as prepared as possible.
Thanks in advance!
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Subject Expert
What’s the cap rate on the home at market rates? Would it be cashflow positive?
I wouldn’t pay a premium just to buy a rental property that I could drive to. But I’m fully comfortable owning out of state rental properties that cashflow well.
Subject Expert
Why would you rent it out at $2k per month if market rents are $2,400?
Do you plan to STR or LTR? Those are two very different strategies. STR has a lot higher start up costs and requires a lot more effort and work, thus the increased revenue. Also, STR’s have much higher costs (utilities, cleaning costs, consumables, breakage, etc.) so even at the higher revenue number, your cashflow may not be better.
Yes!! Managing a property that is close by is the right move.
Also, to avoid inheritance tax, get your parents to gift you the house now.
We’ve considered putting the house in my name. Where I live, they freeze the property value for property taxes after a certain age. In the area I live, property values increase ridiculously every single year. Also, my parents have a ridiculous discount for homeowners insurance and car insurance under the same house. We looked into how much it would cost if everything was under my name and it was going to be quadruple what my parents are currently billed and I pay. I’m saving close to $20k a year by keeping the house in my parents name.