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6 December 2024 | 9 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.
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6 December 2024 | 4 replies
There s no reason for anyone I do not know to park on that street aftern10 at night (or virtually any time).To get to my property you go through enough security cameras that it may rival Fort Knox.So ~10:30 a car alarm goes off.
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6 December 2024 | 21 replies
Your realtor will do a lot of the acquisition hand holding you're looking for and BP and your local network can help with any concerns you have getting folks into the property and managing it, or you can hire a property manager to do it, albeit at 10-15% of gross and they won't do as good a job as you will.
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7 December 2024 | 8 replies
The tenant got bed bugs and decided to "fix it" herself and hired a company to come do it without calling me.
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4 December 2024 | 7 replies
If they aren't taking good care of something small like this in the first week imagine how they will treat you down the road, I'd fire them and hire someone else.
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4 December 2024 | 2 replies
Should I just hire a tree service to clear a path and cut the dead tree?
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6 December 2024 | 6 replies
Is the assumption here that it's owner-managed and the owner is hiring help?
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5 December 2024 | 31 replies
The service fees end up being around 20.75% if you hire a "host" or property manager to make the investment as passive as a long term rental.
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3 December 2024 | 6 replies
That's not really a full story so it's hard to say, but generally, if you don't feel secure or confident in the person you hired, you shouldn't have hired them.
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4 December 2024 | 30 replies
The P&L isn't going to tell you that, you need to see the Balance Sheet.Put it simply, if an investor decided to hire someone like me to start handling their books and have to gather their financial statements, I would be charging an arm and leg to put it correctly.