Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Each week, I personally analyze the MLS, leveraging my deep knowledge of South Florida’s short-term rental market.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
I don't have any experience in Augusta, but if you are interested in Detroit or Memphis, happy to connect and knowledge share.
Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
Some key qualities to look for include:- **Responsive communication**: A PM company that keeps you in the loop and addresses issues promptly- **Local expertise**: Knowledge of the Birmingham market and experience with Section 8 tenants.- **Proactive maintenance**: Regular inspections and quick resolution of maintenance issues to keep tenants happy and properties in good condition- **Transparent reporting**: Clear and detailed financial reports so you know exactly where your money is goingIf your current PM isn’t meeting these standards, it might be worth exploring other options.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
Josue Ramos
Best Markets To Invest
4 January 2025 | 35 replies
I want to ask ya'll seasoned investors if you were starting out today where would you start investing with all the experience and knowledge you have now?
Jessica Kiely
New rental - attracting a qualified tenant
30 December 2024 | 8 replies
We are fair housing compliant regarding animals.Our tenants’ safety and the peaceful enjoyment of their home is important to us, so we do a credit/criminal background check on all applicants aged 18+, as well as employment and prior landlord verifications.
Johnny Lynum
Multifamily vs. Single-Family—What’s Your Take?
17 January 2025 | 20 replies
My logic behind a area to hold is basically is in my zone of knowledge that means close in and in a A-B area .BIG fish can have the whole USA in their zone .Outside of my zone I am thinking flip it there are exceptions like all rules .
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
I'm just hoping someone with actual knowledge of it can provide some information that offers an alternate explanation.
Kevin G.
Antioch BRRRR Project
7 January 2025 | 0 replies
This deal leveraged strategic financing, value-add renovations, and market knowledge to deliver a strong return.
Spencer Cornelia
$50k Loss on First Two Flips | Out of State Investing Gone Wrong
19 January 2025 | 9 replies
We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.