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9 January 2025 | 16 replies
When we moved our companies to a new accounting software we looked at Quickbooks, but found its international awareness (tax rules, multi-currency, locale support, etc), project/job, and multi-company abilities to be clunky.To be fair, none of the candidates hit everything on our wishlist.We ended-up selecting MoneyWorks by Cognito and have been satisfied with it over the past three years.
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5 January 2025 | 31 replies
She's our CEO for both our Sales and Property Management companies as well as she co-owns a contracting company with her husband while managing a whole bunch of kiddos!
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1 January 2025 | 12 replies
I also have ~$20k that I've resigned for the scripted "mishap" that always comes up after purchase...lolI've read a number of other threads and I've seen a fair amount of talk about Ohio.
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2 January 2025 | 11 replies
The one cost will be getting the units furnished, but if you live in the area it isn't hard to source a bunch of decent 2nd hand furniture on Craigslist or FB market
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4 January 2025 | 23 replies
So this is some kind of communal organization - there is a "mentor" at the top, and a bunch of "mentees" who do work for each other/for the mentor.Hopefully the asset is all in your name and your name only.
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6 January 2025 | 14 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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2 January 2025 | 2 replies
They determine this based on a % of Fair Market Rent (FMR).
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3 January 2025 | 3 replies
What percentage is fair to pay sellers agent commission and would I be expected to pay buyer agent commission as well?
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5 January 2025 | 4 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
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7 January 2025 | 24 replies
Bookkeepers are fairly cheap, even good ones and should be able to setup for 2 units in a couple/few hours.