Government is nailing property managers to the wall in a bold move to control financial crimes.BOI is yet another Federal program, “Beneficial Ownership Information.”The BOI program, a key tool in the fight against financial crimes, requires every business to document it’s 'Beneficial Owners.’

It sounds great, but it's all just words at this point - speaking from the experience as both an operator, broker, as well as someone that has experimented first hand with different tools. 

It may keep your name out of the docket and could be a helpful business planning tool but those are the benefits, and that's all.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Manage rental income and expenses using tools like Google Calendar and property management software.

Hey @Ignatius Okeke one thing to consider is partner up with someone who is a wholesaler or at least has access to these tools.

I am looking for any tools or tips to get started, I have been in vehicles sales for over ten years and was a mortgage banker at Rocket Mortgage for 3 years before coming back to manage the dealership I started my career at.

After seeing a video somewhere, I made the tool in the photos, using wood, some screws and stick-on rubber safety tread from Harbor Freight: https://www.harborfreight.com/self-adhesive-rubber-safety-step-tread-98856.html.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Think of your rental income as a tool to build long-term wealth and financial security.