I'm an out of country landlord from Australia. I bought a property in Cleveland, Ohio on a turnkey basis, my offer was on the condition that the property was tenanted upon purchase.The seller and his p/m placed a sect...
I purchased a home from a previous owner with tenants in place. I was never given a security deposit by previous owner and tenants have vacated the property. Who owes the security deposit?
I recently ran across three companies that issue Surety Bonds as an alternative to security deposits. The idea is simple: instead of requiring tenants to front a hefty security deposit up front -- could be $2,500 arou...
All,I need some guidance on how to account for the following in QuickBooks:I use a company to find and place tenants in my properties.They charge me ½ of the deposit fee.So here is the issue. I actually never write a ...
As I recall WA does not allow fractionalized deed of trusts for real estate, but a friend of mine actually participated in one as a lender on a 4-plex investment in Seattle. The borrowers stopped paying him so he want...
Hello Guys,I recently bought my first property in Chicago and right now I am dealing with a Property management company (I am based in California). We are working on the Change of management paperwork. They require my...
Hi, Hope this finds you well!
I am a new real estate investor trying to set up my QuickBooks online so that I can do my own bookkeeping. So, I have this final settlement statement from my title company. It lists...
Hey everyone,I'm a long way away from buying something and am mostly just working on a business plan right now!For people who do own apartment buildings of 6+ units now, do you contract ADT or some other online securi...
Hello,
I have a small real estate business where I own a few rentals and do some fix and flips. I want to start borrowing money from friends and family in order to grow my business. My question to you is if I need s...
I'm leaving Chicago for Ft Lauderdale and renting out my Chicago condo. My goal is to pay a fair price for good service and not be taken advantage of. I regularly deal with two mgmt companies that I own properties w...