All Forum Posts by: Harman N.

Every month I spend 2-3 hours translating the Appfolio cash flow report I get from my PM into double-ledger accounting for Quickbooks. First I do the Appfolio translation in a spreadsheet until I get everything to balance, then I manually enter into Quickbooks. Is there an Appfolio & Quickbooks integration that makes this process streamlined?

- Harman

Were you able to find the solution that works for you. Does your PM send you the owner statement together with cashflow report? You can create one journal entry, credit all income from the statement, debit all expenses from the statements and debit "Due from PM" asset account to balance it out.

@Shreyas Mohan was working on a solution, see the below message he sent me. I didn't pursue further since I was already moving away from that PM, but it looked promising

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Hi Charlie -- unfortunately the venue is 21 & older. We'll be rotating venues for future events, so if you can't make it tonight hope to see at an event in the near future!

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San Francisco Chapter of Multifamily Master is excited for the first meetup of 2022!!

Come connect, learn and share with like minded people about real estate investing. We will collaborate, share information, network, and learn how to become better real estate investors. Our group started in Southern California and now we hold monthly meetups across all across the nation. This event is for all levels. Our mission is to enable and inspire others to build financial wealth and freedom through real estate.

RSVP on Meetup

Facebook: https://www.facebook.com/groups/mfmasters

Website: http://www.multifamilymasters.com

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Originally posted by @John D.:

@Inessa Stysis best check your notes. J-tree (San Bernardino County) just changed some rules and are considering a moratorium or cap, Palm Desert does not allow short-term rentals for a while now (I had to convert mine to 30+ days), and Yucca Valley is not issuing new licenses, originally for 45 days but expected to be continued indefinitely.

Basically anything in California, even if it isn't regulated now, you should expect it to be regulated in the future. And if it's already regulated, expect the regulations to keep getting tighter

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Originally posted by @Austin Steed:

@Dave Dunaway Yes I would only recommend doing this in certain areas of Columbus. Would have to be a in a solid spot where price per sq/ft would make sense too.

If you are on a single family parcel I've got a buddy that has put up a couple carriage houses in the back of his lots on properties he owns. I think I'd like that play a little better.

Also agree with others.. all about egress and keep in mind good old fire code.

What's the $/sqft build cost for a carriage house?

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Columbus, Ohio

Hey @Austin Largusa -- could you share the details on the East Bay & San Francisco meetups?

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Fantastic work! If you ask you might get a no, but if you don't ask you'll be guaranteed not to get anything.

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Nice facade on the building! Would love to see the "before" picture

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Originally posted by @Brad Hammond:

Hi @Shelley W., traditionally duplexes are 20% down and 3-4 units are 25%. You could look into a duplex if you want to put less down. You can try shopping around to different lenders to see if they can lower the down payment for you.

Duplexes are also 25% down, as per Freddie Mac guidelines. Fannie Mae is the same. You can try to find a portfolio lender that doesn't sell to FNMA/FRE.

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I get that you want to focus on cash flow, but why specifically look for 0 appreciation?

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All Forum Posts by: Harman N.

Harman N. has started 40 posts and replied 124 times.

Post: Appfolio cash flow report --> Quickbooks accounting

Post: Multifamily Masters San Francisco January Meetup

Post: Multifamily Masters San Francisco January Meetup

Post: Rental Property in Palm Springs, CA

Post: Creating a basement apartment in Columbus

Post: SF Bay Area Real Estate Investor Meetup

Post: Anyone Get A GREAT Rate On Owner Financing?

Post: Paseo 24 Apartments in OKC

Post: Do I really need 25 percent down?

Post: Most affordable, cash flowing, non appreciating, RE in US?