All Forum Posts by: Helen Bollinger

We have 73 units in B to C- areas all in a small geographical location.  We used to self manage 7 years ago and have been thru 3 different PM companies since.  We're now debating on going back to doing it ourselves.  During these 7 years though, there are lots of new companies and resources to make landlording easy, however, not all of these transfer well to such a large portfolio (I hear).  Do you have any software or resource tips that I should be researching to use for 73 units?  Does Cozy work ok for that many units?  How about Latchel?  Anything else out there since I've stepped away from the mgmt scene to help streamline our operations?  TIA! :) 

Thank you @Patrick Shawn Faherty  I can't believe I hadn't been following him.  I'm on the site now.  I appreciate your review and recommendation! With our 3 S-Corps, I need some help! :)

@Patrick Shawn Faherty No, I never heard of him.  Have you? What's the deal?

This is cross-posted on another discussion board here on BP.      

We were really excited to work with ProVision but after reading the fine print and asking more questions, we were really turned off. The 2-3 month planning session will cost you $9,750 where they develop a strategy for you. My concern with this is that it's immediately out of date as soon as any tax laws get passed, business changes, etc. And if you need any updates, they will charge you for that. They also of course charge for the taxes. When I started to clarify all of this and asked for a schedule of fees including their billable hourly rate, how much our 2016 taxes would cost, and how much 2017 quarterly taxes would cost... I was told "we're probably not going to be a good fit for you at this time." That seemed very shady to me that you can't disclose your fees and how much this is actually going to cost me after the enormous charge of a strategic plan that is stagnant. If anyone knows of CPAs who do similar work to ProVision and are transparent, I would love to connect.

We were really excited to work with ProVision but after reading the fine print and asking more questions, we were really turned off.  The 2-3 month planning session will cost you $9,750 where they develop a strategy for you.  My concern with this is that it's immediately out of date as soon as any tax laws get passed, business changes, etc.  And if you need any updates, they will charge you for that.  They also of course charge for the taxes.  When I started to clarify all of this and asked for a schedule of fees including their billable hourly rate, how much our 2016 taxes would cost, and how much 2017 quarterly taxes would cost... I was told "we're probably not going to be a good fit for you at this time."  That seemed very shady to me that you can't disclose your fees and how much this is actually going to cost me after the enormous charge of a strategic plan that is stagnant.  If anyone knows of CPAs who do similar work to ProVision and are transparent, I would love to connect.

I'm in! I know a few others who would be as well.

When you get something going, my email is helenbollinger  at  bollingerrei  dot  com

We went to the Rich Dad 3-day course and purchased the largest package.  It has definitely paid for itself.  We went into it with having 49 rentals but wanted to expand and learn new strategies.  The classes, instructors, and mentors are great.  I see a lot of negativity about the training here on BP.  Yes, it costs money, but I think you save time by going through the courses instead of reading various threads on here to piece it all together.  We still do read books and listen to podcasts in addition to our education.

Turnkey SFH 2BR/1BA available for $38,000 in Arnold, PA. Neighborhood is great for CASHFLOW. This property cashflows $546/mo or $6,556/yr (including all taxes, utilities, and insurance). I own 49 units in this neighborhood!

This rental property grosses $595/month in rents. The property needs absolutely no work and you'll cashflow on day 1!

Tenants pays ALL utilities and there are LOW taxes! Great property management company referrals available upon request!

Call Helen today at: 724-916-5005 for more information or email me at: [email protected]

More information and pictures here:

http://p.reiblackbook.com/150813

Tenant is great! Please do not contact residents at this point

Rent is $595 plus Tenant pays ALL utilities
Lease signed through February 2017

Taxes paid for 2016 = $392
Insurance paid for 2016 = $192 (includes $300K liability)
Information reliable but not guaranteed

More pictures here:

http://p.reiblackbook.com/150813

TWO OTHER PROPERTIES IN THIS PORTFOLIO:

http://p.reiblackbook.com/150812

http://p.reiblackbook.com/150814

Turnkey property with 2 Single Family Homes with good tenants available for $94,000 in Arnold, PA. Neighborhood is great for CASHFLOW. This property cashflows $1,408/mo or $16,896/yr (including all taxes, utilities, and insurance).  I own 49 units in this neighborhood!

This rental property grosses $1,490/month in rents. The property needs absolutely no work. You'll be cashflowing on day 1!

Tenants pay ALL utilities in both houses! Great property management company referrals available upon request!

Call Helen today at: 724-916-5005 for more information or email me at: [email protected]

More information and pictures here:

http://p.reiblackbook.com/150812

Property...1403 Taylor Ave., Arnold, PA 15068......TWO separate single family houses.....

Good tenants / very cooperative.... Please do not contact residents at this point

Rents:
- #1 house (6 BR / 3 BA) is $995 plus Tenant pays ALL utilities.....Written lease, through February 2017
- #2 house (2 BR / 1 Full BA & 2 1/2 BAs) is $495 plus Tenant pays ALL utilities.....Written lease, through March 2017

Taxes paid in full for 2016 = $700
Insurance paid for 2016 = $284 (includes $300K liability)
Information reliable but not guaranteed

This is a great money-maker!  
Immediate cash flow and EXTREMELY L O W, L O W, LOW taxes!!!!

SPACIOUS 6-bedroom house, with a separate, additional 2-bedroom house on same property.
- All separate utilities for each house
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MORE PICTURES HERE:

http://p.reiblackbook.com/150812

TWO MORE PROPERTIES IN THIS PORTFOLIO:

http://p.reiblackbook.com/150814

http://p.reiblackbook.com/150813

Turnkey property with 2 Single Family Homes with long-term tenants available for $55,500 in Arnold, PA. Neighborhood is great for CASHFLOW. This property cashflows $789/mo or $9,469/yr (including all taxes, utilities, and insurance).  I own 49 units in the same neighborhood!

This rental property grosses $995/month in rents. The property needs absolutely no work.  You'll cashflow on day 1!

Landlord pays for water, garbage, sewage ($140/month); Tenants pay for their own gas and electric. Great property management company referrals available upon request!

Call Helen today at: 724-916-5005 for more information or email me at: [email protected]

More info and pictures here:

http://p.reiblackbook.com/150814

Property...1613 4th Ave., Arnold, PA 15068......TWO separate single family houses.....
- #1 house has 4BR / 1B
- #2 house has 1BR / 1B

Good tenants / very cooperative....One tenant has been there for years! Please do not contact residents at this point

Rents:
- #1 house is $595 plus Tenant pays gas and electric, plus water/sewage/trash charges greater than $80.....Written lease, month-to-month
- #2 house is $400 plus Tenant pays gas and electric.....Written lease, month-to-month

Taxes paid for 2016 = $462
Insurance paid for 2016 = $329 (includes $300K liability)
Information reliable but not guaranteed
......................................................................................................................
......................................................................................................................

More pictures here:

http://p.reiblackbook.com/150814

TWO MORE PROPERTIES IN THIS PORTFOLIO:

http://p.reiblackbook.com/150812

http://p.reiblackbook.com/150813