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29 November 2024 | 12 replies
However, you’ll need to handle all the paperwork, figure out which forms to file, and stay on top of compliance requirements like annual reports.
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2 December 2024 | 7 replies
So I'd just make sure you have good checks and balances and reporting setup.
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9 December 2024 | 98 replies
Some report bitcoin has two values ( intrinsic) storage and exchange.
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3 December 2024 | 21 replies
My new bookkeeper initially thought the multiple checking accounts was weird but now she has come around to seeing how easy it is to get detailed reports and information about each individual property this way as opposed to having one operating account for all properties.
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2 December 2024 | 10 replies
Tenant shall be responsible for any property damage caused by failing to maintain utilities or report utility problems in a timely manner.Tenant Utilities: ______________________________________________________________Pass-through Utilities: _________________________________________________________Utilities included with rent: ____________________________________________________Propane: If applicable, Tenant shall return the propane tank level to at least _______% upon termination.
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29 November 2024 | 2 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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30 November 2024 | 2 replies
Also, the ability to export reports for partners or lenders would be a plus.Essential Data/Analytics: Reliable rent estimates, cap rates, cash-on-cash return, operating expenses (especially maintenance and CapEx), and local market trends like population growth or job market health are key for decision-making
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2 December 2024 | 9 replies
Totally agree, they are terrible.I will be reporting them to the governing department.Feel free to reach out and compare notes.
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25 November 2024 | 3 replies
Spending a couple of hundred dollars can reveal major issues.
2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.