Hello all, in podcast 36, Kevin Perk discusses a move out letter he gives his tenants of what they need to do in order of get their security deposit back with costs if they don't do what is required. Does anyone have ...
Hi many thanks for all the previous discussions on setting up QuickBooks for rehabbing, we poured through the advice and believe our setup and recording of expenditures are correct - now comes the fun part of recordin...
I'm a little confused about the terminology of what is a "Repair" vs. "Maintenance" vs. "Capital Expenditure". CapEx is the easiest to understand for me...big ticket items like roof, water heater, HVAC, new floors etc...
I am currently applying for my first hard money loan and they want the scope of work, we will probably be doing most of the work ourselves so since I do not have a contractor I'm trying to figure out exactly what I sh...
Because of recent rain storms and older units I am in need of some repair work on a couple of units. I contacted a GC that I found on a neighborhood website. He had a few positive reviews on Yelp. He’s on Houzz, also....
Hello all,
I have been brought a trailer in New Orleans that sits on a double lot that I can get for 65K but the home needs a total remodel. I have a contractor that says he can get everything done for 70K in 3 week...
I'm working on my investment spreadsheet and have been doing some reading on the topic of Cap Ex. Some people use a number like 10% of the income, but many suggest itemizing your expenses over their lifespan is the mo...
Hello BP, What kind of document would you create to show banks/lenders/potential investors your business plan in order to better secure funding? Examples would be much appreciated. Thanks
*not sure if this is the right forum for this question*
Hello all,
I am looking for some guidance on how to talk to/approach a contractor in a manner that would avoid being taken advantage of.
I a...
I'm new to QuickBooks and need assistance accounting for item returns. Here's an example of what I'm struggling with:Let's say that on 5/27 I purchased an item at Home Depot for $10 which I assigned to a COGS category...