Will Morrison
Bank accounts for investment properties
14 June 2023 | 17 replies
As a result, some CPAs will charge a clean-up fee when they're preparing your tax return and this will cost you more than paying for a year-round bookkeeper or paying for real estate-focused accounting/tax software (like, Stessa, digb.com, or Quickbooks Online) that auto-categorizes transactions and will allow you or your CPA to export filled Schedule E.
Mindy Jensen
Looking for an Automatic Emergency Water Shutoff - Does it exist?
20 August 2018 | 18 replies
Does anyone know of any auto water shutoff valve or similar way to monitor for freezing pipes?
Rocky V.
HELP!!! Trust agreement is lost and title company will not close
19 May 2017 | 30 replies
I send them a POA and 3rd Party Authorization form stating that I will be new owner of residence and setting payments on auto pay.
Tom Shilakes
Another new guy in Troy/Detroit area
20 March 2014 | 9 replies
We are both full-time employees of two of the major auto companies in the area (Ford and VW) and have been able to eliminate the majority of our debt besides our primary residence and one car.
Michael Elfant
Proven Wholesaling Script
30 December 2023 | 22 replies
How can i find motivated sellers without any money ive done zillow drive for dollar also whats a good lowcost way tk generate strong leads and wholesale on auto pilot Also who.can breakdown what is astro flippingi
Jeremy G.
City inspector and permits
28 February 2019 | 10 replies
I fix everything ive been fixing things since i was a child i was an auto mechanic for 6 years and industrial technician/ mechanic and process technician for 7 years now i supervise mechanics and technicians, ive been building and fixing things with my hands for as long as i can remember.
Gabriel Amedee
Property Maintenance: How far do you go?
3 January 2017 | 7 replies
________________________________________________________________Inspect, and possibly change out HVAC filtersClean kitchen sink disposalClean range hood filtersInspect your fire extinguisher(s)Test smoke/carbon monoxide detectorsTest garage door auto-reverse featureRun water and flush toilets in unused spacesCheck water softener, add salt if neededGive your house a deep cleanVacuum your refrigerator coilsTest your water heater’s pressure relief valveReplace batteries in smoke/carbon monoxide detectorsCheck the exterior drainageClean out guttersInspect the exterior of your homeGet your air conditioning system ready for summer; consider servicingRepair/replace damaged window screensClear dead plants/shrubs from the houseCheck trees for interference with electric linesInspect roofing for damage, leaks, etc.Test your electricity to the extent that you canTighten any handles, knobs, racks, etc.Check all locks and deadbolts on your doors and windowsCheck caulking around showers and bathtubs; repair as neededRemove shower heads and clean sedimentDeep clean and inspect the basementCheck grout in bathrooms, kitchen, etc.; repair as neededInspect plumbing for leaks, clean aerators on faucetsTake care of any insect problems you may haveClean and repair deck/patio as neededClean out window wells of debrisCheck and clean dryer vent, other exhaust vents to exterior of homeClean garage________________________________________________________________Do the landlords on this forum perform any of these tasks?
Mike Strodtman
Do you need a Resident Manager for a 14 unit building
25 October 2017 | 8 replies
Now how much is your average rent per apartment,, lets go with nice easy number 600 so total rent for a month is 8400 and 7 % of that is 588 almost a month rents, for one unit.. times 12 months is basically like having a 13 unit building instead of 14,, With my numbers close to 8 grand a year to maybe show 1 -2 apartments and take a almost never phone call for service and send you your rent checks.. you could shut one apt down a month and give your caretaker a big concession on rent, have him show vacants,, notify you of repairs and you'd be ahead,,With your PM your still paying someone to do the plumbing, the painting, and repairs.. so to mail out your checks to you what's that worth,, I'd get tenants on auto pay, money goes right to you..
Shawn Ackerman
Accept partial rent or give a 5 day pay or quit notice.
22 September 2016 | 25 replies
I don't want her to think that partial payment is acceptable(especially at the outset of a new tenant relationship) Besides the tenant stated to my PM that ATT(cell phone company) auto debited $500 from the tenants account(Hmmmm...🤔🤔) I find that to be far fetched and I'd rather just move on from a tenant I don' t trust- complete the cosmetic rehab and get a new tenant in the unit.
Rochelle S.
Tax strategy for vacation home vs rental?
9 November 2016 | 11 replies
No intention of trying to fool the I R S (my computer keeps auto correcting to other random words), just want to make sure I'm keeping adequate records, especially if I rent to family outside of airbnb.