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18 August 2021 | 6 replies
No big deal, but the point is my super simple database and recordkeeping system was able to discover the discrepancy and I also found that my CPA's records were $30,000 or $60,000 off (can't remember).My point is; Quicken makes bookeeping super cumbersome and because there are so many screens and crap you don't neet Quicken makes your bookkeeping prone to mistakes.You don't need Quickbooks.
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25 December 2021 | 4 replies
What is everyone's most important things they look for when screening tenants?
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7 February 2022 | 5 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
20 July 2022 | 1 reply
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
26 July 2022 | 1 reply
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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14 August 2022 | 1 reply
Screening your tenants is paramount regardless of income.
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22 September 2022 | 9 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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8 February 2022 | 4 replies
Provide clear screening criteria to anyone who is interested in applying for your unit as that is another area where you can get in trouble.
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10 February 2022 | 6 replies
I would check with your area but in general you have to be willing to accommodate handicap tenants if they pass all other criteria in your tenant screening.
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1 June 2022 | 14 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?