I have already signed all the purchase paperwork with the title company and fully funded escrow.Today, I started arranging for utilties to be turned on in my name starting tomorrow so that there's no lapse in service.

She will get you access to the houses and has all the paperwork and can send you recent sales comps so you can keep up with market changes.

I've consulted with my attorney and he has stated that he could draw up the paperwork as soon as I have the deal now it's just nailing one down.

Hi; I'm thinking of using a realtor to show my rental units and handle the paperwork.

I quickly got overwhelmed by the paperwork, tenant management, establishing systems, reading/researching, etc. so I bought the next few properties using cash even though the yield was lower to slow down my pace to allow time for learning and establishing repeatable processes.If I get to the place where it's a breeze to manage my properties, I'll probably start using leverage to pick up the pace again and go for volume and high yield.

I am not sure if having the tenants is a plus or minus and if there is any additional headache with paperwork to transfer the rental agreements to myself and then again with my new buyers.

Erik Kubec,An IRA is definitely required to issue a 1099 to anyone that is paid over $600 unless it is strictly for a rental property.You will selecttrust, You will list the IRA's name as it is on your paperwork.

This is a non-trivial amount of paperwork.

I have to find the paperwork on it (I just moved so it's in a box packed still) to see exactly how he phrased it.He gave me a quote on fixing it, but it was like $350-400 and that was IF he could find the part and then, he could not guarantee that would fix the problem.

However as I was at my local courts this morning filing paperwork to have a non paying tenant of mine evicted, I over hear this conversation with a young lady and the clerk.