All Forum Posts by: Manuel Encarnacion

@Demetrius Pettway

Congratulations on your deal! I opened up another checking account with my bank. I started using cozy a couple of years ago for property management and payments. Cozy merged or was bought out by apartments.com. I created a new rental property within the site and set up ACH transfers to go directly to the new checking account. When the you select your tenants you invite them to use apartments.com via email from the website as a payment method and a way to contact you regarding issues with the property.

@Ashish Acharya thank you! Much appreciated!

@Bill Hampton Thank you Bill!

Can you write off or expense things purchased for upkeep of a rental unit come tax time? Things like paint, power tools like table saws and drills as well as items like water heaters, and bath tubs? I would be paying for the items under one of my bank accounts that I only use for this property.

Thanks

@Tyler Caglia

I am sure I will thank you very much!

@Tyler Caglia

Thank you for this post it is so inspiring! I also am located in CA. I recently purchased a second home and moved and will be renting my old house. It is currently being renovated and hope to have it on the rental market this month. I am planning on buying out of state as soon as I can get a heloc. What you are doing is goals for me. I hope to start building my rock star team soon. Thanks again for posting and explaining so throughly. It is so helpful to us who are starting out.

@Christine Kankowski Thank you for replying. Will definitely be taking a deposit an 1 month’s rent.

@Joaquin K. Thank you for taking the time to reply. I will absolutely follow all of the advice given. Great insight thank you!

@Karen Margrave thank you for sharing that. I’m relatively close to OC. My property is in the San Gabriel Valley.

@Kalanie Tran Thank you for your reply that makes me feel better. Do you use a property management company?