Vanessa Penarrieta
Searching for Accounting Help
Hello,
I am in need of advice when it comes to rental property management accounting. What is the best software for upwards of 60 units? This includes property management expenses as well as rental income and expense...
Richard McRae
Biggest Underwriting Mistakes Incurred by Novice Investors
I see many properties advertised these days with unrealistically low expense ratios. Inexperienced investors that are excited to make that first acquisition need to be aware of and understand how to accurately evalua...
Denita Ozenne
1st rental property in Houston. TX
Hey BP's Im currently working with a RE agent to locate my first rental property. Preapproved for FHA loan of 250K, currently looking at MFH's (yes the market is limited but we're working with it). I have been reading...
Grant Francke
Buildium and Quickbooks work flow
Does anyone here use Buildium for property management and Quickbooks for accounting? I'm looking to see what everyones workflows are for each month. I like both products and they both have there place in our busines...
Theo Hicks
Negotiations on a 10 Unit Property in Norwood Cincinnati area
I am in negotiations with the seller, and he keeps bring up the fact that they want to be paid for labor and management they put into the property at a $30 per hour rate, so they are adding an additional $75-$100,000 ...
Craig S.
What CapEx numbers to factor in rental deal?
Hi All,
I am trying to work the numbers on a deal that I am interested in and am curious as to what Capital Expenses I should average into my long-term costs? For example: if the roof is already in good shape, should...
Account Closed
Current Landlord for my family's rental home trying to maximize profit, need guidance
Hello new to the forums here, first off I'm loving the site and plan to use it to it's full potential.I have alot of questions but I figured I'd start out with something that is relevant to my current situation. I cur...
Tar-U-Way Bright
How could I use my LLC
Hello Everyone,
I'm preparing to purchase my first investment property in the new year, which I plan to house hack. I already have an LLC that I originally set up as a business entity to facilitate managing, overseei...
James Feely
Recomendations on bookkeeping while using a property manager
I need advise on how to setup bookkeeping for a property that is professionally managed. My property manager uses an online portal from propertyboss.net that will generate some reports, transaction history as an exce...
Frank Apap
Price to rent ratio
Total newbie here, considering buying a property to rent (two family home) and hold for 5-10 years before selling.
I'd like to have a break even or positive cash flow and was wondering if there was a rule of thumb of...