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7 November 2024 | 22 replies
Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.
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4 November 2024 | 13 replies
The idea of my thread is to share my experience and check if I can get advice and emotional support from like minded individuals but unfortunately the post was not properly understood and only people who are either PMCs or associated with one have answered.
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8 November 2024 | 31 replies
If they are being properly run they are making enough to pay you over market rent.
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30 October 2024 | 13 replies
@Alex Stariha Cozy is a cheap option to start with it, but I don't see it being able to scale and provide all the functionality as a true property management software.
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31 October 2024 | 2 replies
The 2 cabins can also function as STRs near GSMNP.
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5 November 2024 | 22 replies
Especially if you have a signed lease, proper notices delivered after non payment, and a tenant ledger.What was his case at the first hearing on why he did not owe rent?
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1 November 2024 | 2 replies
If it was properly done, it's recorded and should be visible on the title report.
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31 October 2024 | 7 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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7 November 2024 | 18 replies
Also, sent my coach and Peter (in FB group) some deals that I felt are worth looking at, but they kept denying my deals without even looking at them properly.
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1 November 2024 | 17 replies
Secondly, I would shop lenders using the Find a Lender function on BP.