![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/590684/small_1621493295-avatar-christiann7.jpg?twic=v1/output=image&v=2)
2 October 2018 | 6 replies
@Christian Nachtrieb Total income collected = gross potential rent + other income - all revenue loss line times (i.e. vacancy loss, loss-to-lease, concessions, discounted units, and bad debt)Operating Expenses = ongoing operational expenses (i.e. payroll, maintenance and repairs, contract services, make ready, advertising/marketing, administrative, utilities, management, taxes, insurance, reserves, etc.)Debt service = annual payment for the loan (principal and interest)When you identify a new opportunity, you underwrite the deal, and the results of your underwriting is a preliminary budget.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/426898/small_1621476109-avatar-benwilliams.jpg?twic=v1/output=image&v=2)
15 September 2016 | 95 replies
My databases are REID based (tables with REID, county, state 3-tuple index) , so I also pick off positions 123-129.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/912205/small_1689809461-avatar-kyles212.jpg?twic=v1/output=image&v=2)
10 August 2023 | 24 replies
Evictions always spell out the Court costs for "service", including mileage and other administrative costs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2767849/small_1694682817-avatar-quel.jpg?twic=v1/output=image&v=2)
19 July 2023 | 15 replies
The work doesnt start when they show up on site , Materials , permits , scheduling subs , there is a lot of administrative time involved .
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/52437/small_1621411688-avatar-mnormandin.jpg?twic=v1/output=image&v=2)
21 February 2013 | 5 replies
I set her up with my mls access, realtor key, lead database and other such tools to help her get a few deals put together, HOWEVER, I didn't train her on selling AT ALL and she knows very little about the paperwork and processes I'm using to have her put these deals together so making the leap to wholesaler/flipper would be a big one for a person with an employee mindset.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/911950/small_1621505431-avatar-jamesr297.jpg?twic=v1/output=image&v=2)
26 April 2023 | 17 replies
I have a Solo401K LLC formed in Texas (very easy) which I have been self administrating for ~15 years without a custodian.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/51525/small_1621411521-avatar-soldat.jpg?twic=v1/output=image&v=2)
15 March 2021 | 129 replies
I present my contract dispute to the MDJ of the area and they make their decisions.Our collective experience as Americans is that we've found administrations at various levels (federal, state, local) are not able to actually run a working public housing scheme.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1617161/small_1658431020-avatar-baileyk4.jpg?twic=v1/output=image&v=2)
9 August 2023 | 4 replies
Best thing to do is register your property (for free) into the different companies data bases and build relationships with them so they know "if someone needs a house in X city, i'm going to see if Bailey's house is available".
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/326730/small_1627659959-avatar-henkel.jpg?twic=v1/output=image&v=2)
1 June 2016 | 71 replies
For organization I just got my property management database set up and I cant imagine trying to keep track of the property without it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/599812/small_1663014074-avatar-ryanjohnston.jpg?twic=v1/output=image&v=2)
28 November 2018 | 7 replies
I searched it on the public records database online and the address wasn't even there.