Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (5,829+)
Rosston Smith First Property Preparation
9 August 2016 | 3 replies
Get a good scanner and file it electronically.  
Randy Barnaby To self manage or not...that is the question
13 February 2016 | 15 replies
When hiring a VA or a part time admin asst you need to first put in place process so the tasks you decide to outsource are structured.
Ashley Cote Property Manager - In House or Hire?
1 August 2017 | 24 replies
I've been doing this for years, but lately with the help of online software to help with marketing, screening and collecting rent payments all electronically, my landlording life has become much much more streamlined and efficient.
Peter Crabtree Trouble with money oder for rent.
13 September 2017 | 34 replies
Sign up for one of the various electronic collection processes.  
Ed Brady Tenants parting ways
6 January 2017 | 8 replies
@Travis Beehler  Thanks, I think I am just going to go this route, but send it for electronic signatures thru Docusign.
John Buzzard Self directed ira
10 October 2016 | 8 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (checkbook IRA) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)
John LaVecchia Should I get involved with section 8?
15 November 2017 | 39 replies
There are positives and negatives:PositivesRent paid electronically on the 1st of the month (majority of rent, tenant still has a portion)Reduced evictions - Applicants lose their voucher if they are evicted so collecting the tenant portion of rent is easier.  
Andrew Slater Seller Financing & Commercial Real Estate in Waynesboro Virginia
19 June 2018 | 7 replies
By the time she replied and indicated she was willing to sell, I had already written it off as gone, so my response was to request that she consolidate all the information on the property into something electronic that I could then pull together into a convincing report for a lender...however then I indicated that my offer would be at least 200k below her outrageous asking price and of course she promptly backed out again.
Donald S. Tenant lost security deposit check (the refund)
12 April 2018 | 19 replies
That is why I do most payments electronically now.
Jay V. Roofstock for newbie
7 June 2019 | 11 replies
Or do u work it all electronically, relying on the info, communications and turn key of this?