All Forum Posts by: Simon W.

 Hey Simone!   Appreciate your insight on this matter as I’m trying to get up to speed on all the functionality of Buildium.   My CPA requires Quickbooks online and it seems there isn’t an easy way to do the data entry and allocations and keep those two systems inline with all the transactions.   Are you using Buildium for your accounting records and for tax purposes?   How do most people handle this dilemma?  

We are trying to decide on a property management software for our company. We currently have 105 units and are using a variety of excel, google docs/sheets/calendars, apartments.com (ads and rent collection), docusign and QuickBooks online (which we would like to keep). 

Looking to consolidate into one software and believe we have narrowed our search down to Doorloop vs Appfolio. We would love some recommendations from users of both! 

Thanks!

Hey everyone,

I’m almost 30 years old and paralyzed from the neck down, living in New Hampshire. I rely on personal care assistants (PCAs) for daily help, which are fortunately covered by government benefits. However, if I earn too much “earned income,” I risk losing these essential benefits.

That’s why I’m exploring real estate and the stock market, as these generate “unearned income” and allow me to maintain my benefits while building financial security. I’m hoping to establish a reliable stream of unearned income through real estate investments, but I’m new to the field and looking for guidance.

I have around $35,000 saved (excluding stock investments) and would love to connect with someone who can help me navigate this world. Ideally, I’d learn by doing and would appreciate the opportunity to work with a mentor to help me get started.

Any advice or direction is greatly appreciated!

Thanks so much for your time and support.

I found a 3/3 fix-and-flip property in Miami. The house is in good condition, and the rehab cost will probably be around 40-50k. It has a pool and a nice backyard. The selling price is $700k, and the ARV is around $930k. Right now, it's an ABNB property.

My biggest concern is that some of the houses right across are multi-family duplexes. I don't know if that will bring the price down, and I would have a hard time selling. Thoughts?  

Hi all,

Question pretty much as in the title.

We have 3 rental properties. Looking to balance Keeping It Simple and being on top of things.

For years, we used Ally. What I loved about them was that each property could have it's own checking account. All expenses would go on each account and it made year end accounting very easy.

Ally alerted us that they are closing our accounts due to our failure to "properly secure" our accounts. I have no idea why (never had a single fraud issue), but after spending several hours going down the rabbithole of figuring why this happened, we just want a solution.

Some of the other banks we are with seem to make it overly complicated to have more than a single account.

Any recos? Or other solutions we should consider?