All Forum Posts by: Jeffery Allen penick jr.

@Brad Noe hi Brad! Thanks for reaching out. Id love to chat! Ill pm you!

@Rob Bergeron I believe i tried to join the facebook group last night. Thanks Rob!

I am a relatively new investor in the Louisville Kentucky are and i am looking to meet some like minded investors. My main interest are multi family properties but i am up for anything that will turn a profit. Contact me if you’re interested in connecting

I am from the Louisville area and i am interested in meeting other multi family investors.

@Dave Spooner, yeah I had come to the conclusion that its just a lot of extra work for nothing. Thanks for the help!!!

@Mike McCarthy, thank you for the info. I had decided yesterday to go that route first and wait for someone to tell me I am wrong lol I guess correctly I suppose!!

I recently purchased a 5 unit building in my hometown. I am getting a late start on my books and was needing some help when it came to recording expenses for the building.

I understand that when I spend money for a door knob in unit 2 that I record that on my unit 2 spread sheet. But I need help with the following:

What about when I have an expense pertaining to the entire building? Do I divide by 5 and add it to each units spreadsheet? Or should I keep a separate spread sheet four the building as a whole?

What about utilities? They are included in the monthly rents so do I divide the monthly payments by all 5 units, or just by the occupied units?

Should I just use one spread sheet for the entire building and just record all income and expenses from each unit on one spreadsheet?

Any input is appreciated. I have tried searching the forums but to no avail.