All Forum Posts by: Nicholas Joseph

I own a duplex outside of Indianapolis, and during these winter months (since November) the heating bill jumped to over $600/month between both units. The spring and summer months were about half of that amount between the two of them. It's eating away every bit of cash flow from the property and then some.

Both units currently have baseboard heating - which I've heard can be on the more expensive side of heating options - but I'm not sure if this amount is realistic for the area, or if there is a better heating option that I should look into for a reasonable cost. Curious for other investor's opinions, and what others might do in this situation. Thanks!

I'm a fairly new investor, currently with only one STR/MTR duplex in Indiana, and I'm looking to develop new skills in order to improve my personal income to help expedite a second rental investment.

I am a touring musician, and also have 5+ years of bookkeeping experience for one of my small businesses, and I run the books for my one duplex as well. I want to increase my personal income to help fund a second rental, but my career limits me mainly to remote jobs and gigs.

I’m curious if there are any other investors out there that started with a similar skill set to mine, and what other skills they developed to help increase their W2 income and to help build their real estate knowledge and experience? 

Recently had a DOSC called on a property when we tried to add our LLC to the title. My partner and I are buying into a deal with a friend and the title's in his name currently, but now need to figure out a workaround to get added onto the deed.

I'm a new investor and recently purchased a duplex in Indiana, with the intention of investing in a second property relatively soon. My partner and I are using the IN property for short and medium term rentals and it's finally starting to cash flow. 

As of now I've just been recording the transactions in an Excel workbook, but I would love to find a bookkeeping software that will take all of the bank account / transaction data and generate reports / display a big picture overview of how the property is performing. Surprisingly, I haven't been able to find one that seems to fit exactly what we're looking for.

I have been thinking about using QuickBooks, but have read mixed opinions on how well it works for real estate investors - especially for investors that have (or plan to have) multiple properties in their portfolio, with different LLCs and bank accounts. Does anyone have any suggestions? Curious what other investors out there are using.

Thank you!