Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
With Plus, you can use Classes to separate properties and accurately track income and expenses by unit.
Travis Boyd
Should I wait to form my LLC until after my first purchase
14 December 2024 | 6 replies
I would imagine the bigger loan origination companies out there who underwrite like robots because they are lining up the sale before closing will be the exception and require those docs up front.
Desiree Board
Advice for a new long term rental investor
23 January 2025 | 26 replies
Self management works if you are local and can separate emotion from business.
Kadeem Kamal
Boilers heating costs ruining my analysis
4 January 2025 | 1 reply
If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.
John Friendas
LLC Mortgage Under Partner Instead of Me
23 January 2025 | 23 replies
It's a multifamily investment partnership and we will have a separate contract dividing everything else 50/50.
Alexandra Winkler
Bank Account Operations
30 December 2024 | 1 reply
if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.
David R Pustelnik
Looking to maximize my potential with rental properties
16 January 2025 | 7 replies
I did not evict them but gave them the opportunity to break the lease and we would just go our separate ways.
Frank Hotard
First Home Issues and Strategy
10 January 2025 | 4 replies
My fiance has orders to San Diego, and I will be separating and moving with her.
Waruna Yapa
Who has the best rates and how to shop for them?
8 January 2025 | 14 replies
However, they all require separate applications to even get an estimate.
Antonio Tamayo
Tax Lien Certificate
3 January 2025 | 2 replies
Some hotels actually have a condo like structure, where people can own the units, but perhaps are limited on their personal use to only a certain amount of the year - the rest of the year it is in the rental pool managed by the hotel.If numerous room owners stopped paying their bills, you could get tax liens on numerous separately owned units.Hotels are a tough business, an issue I also see come up with them often is that they require refreshes, expensive and relatively often - at least once every 10 years, if not more often.