All Forum Posts by: Simon W.

Thank you for the info, all. Seeing Rentvine and Buildium mentioned a few times. Do either of these platforms charge tenants a fee to pay their rent?

Hello all, I have a family member that has a decent property 4bd 2b  2 car detached garage on about 1-2 acre value is around $230–250 and if cleaned up and in perfect condition $300+.  Now the property is free and clear no liens on it.  The family member has expressed interest in adding my name to the deed so I or WE could use it to invest in real estate.  Excluding the debate about getting into business with family.  What are the downsides or risks that I would be taking by doing this?   Thank you hope to hear from you.

Quote from @Jill F.:

We use buildium accounting for our units -- it was one of the reasons we selected buildium.

Hey Jill!   Did you have issues finding CPAs that would use Buildium accounting to do your taxes.  I recently started using Buildium and am realizing I now need to run both systems in parallel and unable to sink my bank account transactions on Buildium but Quickbooks is fine.  

Thanks for all your inputs making this a useful forum.  😊

Quote from @Simon W.:

Quote from @Ryan Rocchi:

We are trying to decide on a property management software for our company. We currently have 105 units and are using a variety of excel, google docs/sheets/calendars, apartments.com (ads and rent collection), docusign and QuickBooks online (which we would like to keep). 

Looking to consolidate into one software and believe we have narrowed our search down to Doorloop vs Appfolio. We would love some recommendations from users of both! 

Thanks!

If you plan to grow even more, AppFolio would be the one to go. Although, Buildium is good and affordable, it isn't just as robust compared to AF.

I hear negative things about doorloop and don't have any experience with it.

I consult my clients in AppFolio and Buildium so it really just the price and how big you want to grow your business.

 Hey Simone!   Appreciate your insight on this matter as I’m trying to get up to speed on all the functionality of Buildium.   My CPA requires Quickbooks online and it seems there isn’t an easy way to do the data entry and allocations and keep those two systems inline with all the transactions.   Are you using Buildium for your accounting records and for tax purposes?   How do most people handle this dilemma?  

We are trying to decide on a property management software for our company. We currently have 105 units and are using a variety of excel, google docs/sheets/calendars, apartments.com (ads and rent collection), docusign and QuickBooks online (which we would like to keep). 

Looking to consolidate into one software and believe we have narrowed our search down to Doorloop vs Appfolio. We would love some recommendations from users of both! 

Thanks!

Hey everyone,

I’m almost 30 years old and paralyzed from the neck down, living in New Hampshire. I rely on personal care assistants (PCAs) for daily help, which are fortunately covered by government benefits. However, if I earn too much “earned income,” I risk losing these essential benefits.

That’s why I’m exploring real estate and the stock market, as these generate “unearned income” and allow me to maintain my benefits while building financial security. I’m hoping to establish a reliable stream of unearned income through real estate investments, but I’m new to the field and looking for guidance.

I have around $35,000 saved (excluding stock investments) and would love to connect with someone who can help me navigate this world. Ideally, I’d learn by doing and would appreciate the opportunity to work with a mentor to help me get started.

Any advice or direction is greatly appreciated!

Thanks so much for your time and support.

I found a 3/3 fix-and-flip property in Miami. The house is in good condition, and the rehab cost will probably be around 40-50k. It has a pool and a nice backyard. The selling price is $700k, and the ARV is around $930k. Right now, it's an ABNB property.

My biggest concern is that some of the houses right across are multi-family duplexes. I don't know if that will bring the price down, and I would have a hard time selling. Thoughts?