Jim Zatko
When to get a property manager?
8 February 2016 | 49 replies
I don't think it is uncommon for owners of PM companies to turn their own properties over to their business and treat them exactly the same as any client property (bookkeeping wise).
Account Closed
Business Plan ETC.
17 November 2014 | 2 replies
Get some bookkeeping software like Quickbooks or the equivalent and start using it.
Edgar Perez
Can I have my own LLC manage property owned in my personal name?
15 August 2020 | 41 replies
I like LLCs better for my passive commercial holds only, personally.My reasons for having the mgt corp were for anonymity (it has a very generic name) to pay rents to, credibility (new applicants are more ok giving my corp holding monies), having a 'bad guy' I have to check with for tenant requests, ease of p&l/bookkeeping, 1 place to receive all 1099s for HUD and agency pays, one mileage platform to record on (not every property), retirement account options, a way to obtain health insurance if needed, etc.
Jovann Thompson
Is long distance investing difficult?
21 March 2022 | 98 replies
You'll learn timeframes, and costs for specific items, you will learn how to deal with tenants, bookkeeping, etc.
Stephen Collins
How do you scale your business so quick?
18 August 2019 | 106 replies
I still want to proceed with the refi because the new loan will not only simplify my bookkeeping, it will increase my cashflow by $850'ish a month.
Alex Rodeberg
When does it make sense to hire in-house management?
13 March 2020 | 2 replies
I've also done some research on here and throughout reddit where people hate management companies so I looked into seeing what an in-house management team would cost. 1 FT property manager = $45,000 1 FT Handyman = $40,000PT bookkeeper = $20,000Leasing an office = $15,000Paying employees insurance = ?
Account Closed
Out of State Multifamiliy Rental Tips on ?
24 March 2022 | 4 replies
Proper book-keeping.
Chris Shepard
New Goal: Purchase 400 units this year
29 June 2017 | 76 replies
I run payroll for all my companies, I do the taxes for all my companies, I handle 80% of the book keeping as well.
Dee Bral
For Self-Managing Landlords, What Accounting Software do you Use?
16 January 2022 | 2 replies
I am curious which accounting and bookkeeping packages smaller landlords prefer to use?
Sarah Schmidt
Newbies with $700K Cash
28 July 2021 | 9 replies
She has cash and time during day, but I would do bookkeeping + set up/run BnB site + have reno skills.