Jonah Downs
Favorite bookkeeping software?
Hello everyone, I'm just wondering what bookkeeping software everyone uses? I'm only going to be using it for three single family, long term rentals. Thanks for any suggestions!
Lucas S.
Hello From Expensive Fairfax VA
Hi everyone. I joined BP a little over a week ago and have been posting some and reading lots since then. But I figured I should formally introduce myself.
I live in Fairfax County VA (just outside of DC). I am no...
Craig S.
Outsource Property Management 40+ Units Multifamily
We currently own around 40 multifamily units in Northeast Ohio. They range from a few duplexes, to a few 6-plexes, to a 12 unit apartment. They are all within 1-2 minutes of each-other (walkable distance), and we are ...
Tyler Durbin
With Multiple LLCs - master bank account or individual accounts?
I have 3 rental properties all in individual LLCs. My intention is to continue to add to the number of total properties over time. Which LLC/bank account structure is best practice?A) All LLCs have their own bank acco...
Alex Griffith
Things to set up now for future investing.
Alright, so I won't be investing for another three years.
I'm a freshman at a military college, home now because of the coronavirus. I want to invest in the Fayetteville area, because I grew up here for the majority ...
Joe P.
Property Management Cost Build-In?
Hi all,Just wondering how other investors see this information -- I am trying to purchase a property and have built in a 10% PM cost (of rent) per month. I would do this for any property.I am planning on managing this...
Matt Greenfield
AirBnB Tax Write-offs when using an STR Management Company
Hello,I see there are plenty of other posts with great information regarding tax write-offs and AirBnBs, but I am specifically asking about write-offs in conjunction with using a STR management company. Context: Curre...
Adam Dow
Financial Analysis on a 12 unit building-- need help
Hi everyone, I am running some numbers on a nice 12 unit building in my area. The current owner hires a property manager and pays 5% of gross rents plus rent finder's fee and a few other variable fees. The seller keep...
Mehran K.
Tax Handling of Property Management Reserve Account?
Quick question for the tax professionals :)
From the collected rent on my duplex (June), I've allowed the property manager to hold $500 as reserves for future expenses/improvements etc.
Hypothetically (because I'm ...
Chris Hendel
Price 24 Unit MF Saint Louis
Can you all give me an opinion of these numbers and tell me what you think.24 unit MF central corridor of Saint Louis. Great central location close to everything. Good neighborhood that is steadily becoming one of t...