Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
Robert Cummings
  • Real Estate Investor
  • Orting, WA
9
Votes |
32
Posts

Newbie Landlord with 4 units in Pierce County Washington

Robert Cummings
  • Real Estate Investor
  • Orting, WA
Posted

Hello!  I have been a BP member for almost a month now and this is this the first time i have introduced myself although I do have one post.  I started as a owner occupied single duplex.  Now i own 2 duplexes.  I still live in one unit but since the entire mortgage is paid by the renter where i live (Orting) and I only pay the escrow and my utilities.  The other duplex cashflows about $300 per door.  I am a landlord, not really an investor yet and i realize that.  Here's a question to those landlords, beginning investors and investors out there.  What do you use to keep your books?  I currently use Excel.  Nice to meet you all!!

Robert

Most Popular Reply

User Stats

32
Posts
9
Votes
Robert Cummings
  • Real Estate Investor
  • Orting, WA
9
Votes |
32
Posts
Robert Cummings
  • Real Estate Investor
  • Orting, WA
Replied

Thanks @Mike Sumsky I will check out Buildium!

Hello @Larry Fried; I responded to your reply but am uncertain if I did it correctly.  Thanks for the articles @Brandon Turner.  Saw your podcast on what you would do differently.  The point that really hit me was you would NOT quit your job yet.  I was thinking to be fully committed you would need to throw as much time into this as a person possibly could.  You explained it well and helped me see how I could work full time in the industry.  

Thanks for the replies @Michele Fischer and @Al Williamson :  Michele are you in any RE groups and what are the duplexes valued at over in Longview?  Al are you moving from Shoeboxed because it isn't robust enough to keep detailed tracking of expenses per property or some other reason.  Now I hope i did this correctly so you all can see i appreciated your replies.

Loading replies...