Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.
Dan Audino
Intro Post - Chicago Commercial Property Manager
11 January 2025 | 9 replies
Perhaps you could consider hard money in addition to private money?
Yvonne Wang
Example of a contractor contract and work list?
4 January 2025 | 3 replies
Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.
Jerell Edmonds
Spilt utlities or add another meter ??
1 January 2025 | 12 replies
If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.
Jared Haxton
Setting Up and Marketing 4.25% Seller Finance Deal
17 January 2025 | 7 replies
I landed on the numbers I did because that makes it cash flow nicely for the buyer in addition to meeting my goals.
Jane S.
Has anyone heard of a company called NOMAD
13 January 2025 | 8 replies
They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).
Mitchell Rosenberg
Tips for Finding Affordable Properties with High Rent Potential?
9 January 2025 | 8 replies
In addition to these you can find information about appreciation.Many of the people recommending expensive properties are doing so because of appreciation.
Beau Wollens
First time fix and flip opportunity in Stamford Connecticut - Total Gut Renovation
13 January 2025 | 11 replies
Removing it cost us an additional $5k over our estimate.
Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
16 January 2025 | 4 replies
It allows you to rent out your property for additional income or use it as a seasonal getaway to enjoy the vibrant beauty of Mexico.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
16 January 2025 | 8 replies
.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.