All Forum Posts by: Kevin Manz

@Kevin Manz Switch to a software that handles multiple types of business. Because know a days there are so many add-on software that integrates with accounting software.

Zap Your Profits.

What would you recommend?

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Originally posted by @Jeff Gates:

A landlord that has five properties or less does not need a full featured accounting package. All they need is enough to have all the schedule-e data ready for their tax returns. Why would they need most of the asset side of accounting? Some yes, but most of that they don't need.

I now have 9 units and plan on growing fast. I want to decide which software to grow with, cuz I know that once I get all my data in, it's going to be much harder to switch software. Is rentpost worth considering?

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Yea, but I try to stay away from electric heat. Straight electric heat cost quite a bit more than most other ways of heating. Depending on what class u rent to, you may then run into problems with your tenants not being able to pay rent cuz the heat bill is so high in the cold months. I prefer just adjusting my rent accordingly if I pay the heat, and not having to listen to tenants complain about high electric bills. Is Nat gas available?

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I currently use freshbooks cuz that's what I use for my other business, but it really doesn't fit rentals.

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Hello. I only have 4 units, but plan on having many more in the years to come. I trying to decide on software. I have read debates on here about quickbooks and Quicken Rental Management. Anyone use rentpost or have an opinion on it. Thanks Kevin

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I would think that would be a judgement call, depending on a few different things. Room size, bulb type, fanciness, etc. I heard that podcast also, I do like the idea. What number was it again?

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what is cap ex? yea I'm a newbie

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I could more than guarantee you that more than 3/4 of ur drain line is plugged w solid waste, hard as the pipe itself. Your best bet is to bite the bullet and get it replaced and be completely done w it. Otherwise this is going to be a never ending headache.

1 Vote

I just went thru my first eviction here in ft wayne. I didn't have a clue how it went, but like Dale said, I went down to small claims and they told me everything I needed to know. They set up a court date. After court, the tenants had 7 days to leave. Thankfully they did, but if they wouldn't have I would of had to go back to small claims and sign the writ book. In that case, the sheriff then meets u at property to change locks. That usually takes 3-5 days. It may be different in Plainfield, but very simple here.

3 Votes

Originally posted by @Stephen S.:

Let's start by assuming that I have a duplex with utilities which cannot be separated. So separating the utilities is not an option in this case.

How can I handle the utility costs?

I can add secondary meters and then calculate each tenant's portion: and then privately bill one tenant and pay the other tenant that amount.

I can keep the utilities in my name and include the utilities in the rent amount.

Which brings up another point: in the secondary-meters scenario one tenant or the other would obviously have the utilities in their name. OK; so what happens if that tenant moves out first? <g>

What suggestions do you have?

What would you do if presented with this situation?

Is this poodlehead from h talk

0 Votes

All Forum Posts by: Kevin Manz

Kevin Manz has started 17 posts and replied 410 times.

Post: Rentpost

Post: Rentpost

Post: auxiliary heating in buy and hold rental

Post: Rentpost

Post: Rentpost

Post: CAN lights in bedrooms instead of ceiling fans?

Post: Motivated seller...Deal analysis? Just questions

Post: Plumbing problems in old house

Post: Evicting renters in Indiana

Post: Duplex with common-utilities ?