I had put an ad to rent a basement apartment in my 2 family rental and had a lot of response . One email I received was supposedly from one Vincent Prasad, an Indian from Hyderabad , working in Canada now. He was movi...

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Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...

Hello All!
First, thank you in advance for taking out the time to read this. My partner and I are currently renovating 2/4 units in our fourplex. My role is to keep track of the P&L, budgeting and documenting.  I...

Hello All!   I'm a new member of BP and I'm trying to take my analysis to the next level.   While I have always known that I need to account for Maintenance & CapEx expenses, I've just made sure that my "cash flow...

Hey, I wanted to just ask a couple questions regarding some aspects that will impact underwriting of multi-family properties.. I've really been putting in a ton of work to learn the ins and outs of the game here but I...

I have 1 section 8 tenant and they have been good for years. Today I received a letter stating i failed inspection for items like a hole in a door and broken garage window. These are all items the tenant should be res...

I am not managing my property and have a property manager, so I get a reconciliation of what the property makes minus the charges for the supplies, repairs, etc.  I currently use Stessa and their bank to manage my acc...

Hi all. First time investor here looking for some advice. I purchased my first home in upstate NY recently to turn into an Airbnb. In short, the contractor we hired has been terrible. We original got an estimate from ...

Is it worth the effort to do Cost Segregation Depreciation for a smaller 4-family residential building?

According to the IRS there are several methods of doing a cost segregation analysis, one of which is a '...