Benjamin Knight
Managing your books/portfolio
15 February 2023 | 19 replies
@Benjamin Knight there is some great guidance here...the only caution I would have is QBO requires a lot of setup...i.e if your chart of accounts is not setup correctly...specifically for bookkeeping for rental properties it will end badly...hire a bookkeeper or CPA with RE experience if you go this route.Buildium has a top-notch accounting feature, but the rest of the features are dull and clunky...if your portfolio is small, maybe a low code platform like Airtable is good...and I can't believe I'm saying this, but a Google Sheet may do the trick.I think the key is professional guidance or review...reconciliations are critical to keep things in order...In my opinion this is best left to professional bookkeepers....well worth the expense
Chris Allen
First STR in Tennessee
3 May 2023 | 2 replies
1) Even early 2000's build properties begin to have some pretty major capital expenditures2) Having a property with very little maintenance issues is critical to a very successful AirBNB business. 3) STR's are not all sunshine and rainbows.
Justin Goodin
“Conservative UW is Dead”
11 October 2021 | 33 replies
To some agree, the “artful” ability of the underwriter investor or syndicator is the key - the value judgements made about assumptions is critical.
Ashley Wilson
Raising Capital from Accredited Investors
28 June 2018 | 27 replies
Not based on merits.. track record is critical to raising capital and with out one.. pretty tough 6.8 cap is OK I suspect the folks your talking to.. probably think they just do it themselves what value do you bring other than you bird dogged the deal.I know syndication is kind of soup de jour but its a very very tough thing to do starting out.. really tough.. maybe a high breed is something you want to do.. refer the deal on an you take a slice so you get something for doing it.other wise you need to have your own cash.. take it down then back fill with investors..
Brant Hampton
6% real estate agent or $300 Flat Fee Transactional Broker?
19 January 2017 | 67 replies
your missing the point has nothing to do with education it has everything to do with putting buyers and sellers in direct contact.. if that worked there would be NO need at all for a real estate industry.. we would simply all sell our own homes.Now I have a tad of experience at this having done it for 42 years.. and seller often fib about their properties. withhold critical information thinking its OK... buyers are liars etc etc.It has to do with the emotion...
Wesley Kuo
Tenant Is Not Paying (Southern California)
28 November 2016 | 15 replies
Greetings BP family,I anticipate my amateur story will bring harsh criticism, but I really need some help before the situation snowballs into catastrophe.
Megan Y.
Atlanta Buckhead condo vs. townhouse?
2 March 2017 | 12 replies
That is critical to quality of life in Atlanta.
Mike Moles
Zillow Rent Estimates
5 November 2021 | 13 replies
The accuracy of the monthly rent estimates on Zillow are often criticized, but I recently discovered that there are some ways to take advantage of this inaccuracy.
Cam Lawler
Is kid/family focused room setup with bunk bed more important than space?
11 May 2023 | 26 replies
Critically thinking about your spaces is a crucial step to beating your competition and earning quality bookings - Good luck!