Joseph McCrillis
For those who self manage, Do you scan every receipt?
All my 2020 and 2021 expense records (receipts, utilities bills, Insurance etc) all go in a folder in the garage never to be seen again. I am about to start using Quickbooks to track everything better and get more org...
Charlotte B.
New Orleans Flood Insurance
How do you estimate the rate of flood insurance for homes in New Orleans? I'm looking for ballpark numbers as I vet investment properties. It sounds like it's related to the flood class, but I'm not sure where to fi...
Leigh S.
How to get existing tenants to move along
I could use some advice on how to delicately give notice to existing tenants that are a hold over from a property I just purchased. They are month to month and I have a copy of the original lease. The original lease ...
Brendan Chisholm
2020 Goal Update: April Edition
The past couple newsletters have been about my experience in our new normal. All of us are finding ways to adapt. I set out at the beginning of 2020 to acquire 50 rental units. I am still pushing towards that goal. So...
Raj Sidharthan
What to build a profit making building on a land we own.
Dear friends,My wife and I have half an acre land close to downtown San Jose, CA. The property is close to the main street, but not on it, so it's not ideal for retail.The property is also zoned as Light Industrial. O...
David Walkotten
40-unit - Recommendations on how nice to renovate Kitchens
Just bought a 40-unit garden style apartment complex. Advice on renovating kitchens as we turn occasional units: currently there are 1990s honey oak kitchen cabinets and a standard stainless kitchen sink with regular ...
Kenneth Burke
One LLC or multiple for each property ?
I'm a relatively new investor with three SFR's, looking to buy #4. I've been advised by my CPA to create a separate LLC for each property, along with individual business accounts for each. From what I understand the L...
James Simoes
One LLC for multiple properties?
Give me your friendly personal pros and cons.I am creating to mainly have the ease of transferring ownership of LLC, operating more efficiently, scale up and having the protection of a DE LLC.
Maggie L.
Thoughts on bookkeeping software?
Hi all,looking for advise/perspective on software options for bookkeeping. A bit about my situation - buy and hold investor with multiple LLCs as well as a couple properties in my personal name. Have been keeping tr...
Bruce Lynn
Landlords quitting Washington State
Washington state is on track to see a 38% increase in rental homes being sold in 2021 compared with 2020. New statutes being levied on the home-rental market and the ongoing eviction moratorium are cited by industry o...