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Hi, i'm in the process of creating a lease with an attorney and I need to give them an answer regarding how i want to recieve rent money from my tenant. I put a clause asking for my rent to be directly deposited in ...
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Hi everyone,A few weeks ago I was thinking about all of the technologies and services that we use to run our investment/property management operation and decided a visual was in order to map it all out. I'm an IT guy ...
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I have 3 sets of tenants who all pay on time, but always need a reminder. All are busy professionals who travel and pay, and always by the 5th, never late. Anyone have a letter or idea to send on 4th as a gentle remin...
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i have a tenant that wants to pay me monthly rent through direct deposit. this would be going into the rental checking account for that specific unit. is it safe for me to give the tenant my routing and account number...
Hello:Wondering if anyone is aware of and may have a recommendation for software to streamline and standardize operations for a real estate investment company. It should be able to manage documents, acquisition, rehab...
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Hello BP. I am a 21 year old college student and I recently bought a 2 bed 1 bath condo to house hack. I have a friend that is most likely going to rent the spare bedroom on a month to month basis. I have never rented...
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Do you really need an LLC for your rental property? Lawyers seem to be the most anxious to get me to do it.
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I am okay with however the tenant wants to pay rent, (by mail, walk it into the bank and put into the account I have setup for that property, or online/electronic). But I feel as though if you give too many options it...
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I've been doing some research online and I understand flipping houses under personal name is not a good idea because of liability if something go wrong. However, from tax perspective, it seems to me flipping houses un...
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Hi All,Im a new landlord and an wondering the best way to record the rent, expenses etc for accounting and record keeping.Any suggestions? Do you use excel, or is there a specific software program specifically for ren...