Dave Williamson
Buying a buy and hold in my LLC
Hey guys, beginner questions here:I'm shopping for my first buy and hold property and want it to be owned under my LLC. I currently have established an LLC and have my certificate of organization. The LLC is based in ...
Brandon Hall
If You Owned Property Prior to 2014, You Are Required by Law to File Form 3115 This Year
Hey BP Investors,I wrote a blog post about the new IRS final regulations enacted January 1, 2014 and I followed it up with another blog post on a special requirement that some landlords may not be aware of - being tha...
Nicholas Spohn
Property Management Software
I tried searching this topic but the search on the site wasn't working. I am looking for good property management software. I want to be able to track where my expenses are, how different properties are performing, wh...
Matt Faix
Keeping Track of Monthly Bills and Staying Organized
Curious what everyone does to keep track of all utility accounts and monthly bills for your properties. We have 7 units across 3 properties right now and varying accounts for each one - Gas, Electric, Water, Trash, Se...
James Baker
New investor tax mess up
I am new investor. I just bough my Triplex in April of 2019. I had no idea about tracking expenses or book keeping, so I simply did not. Come tax time. I go to my recommended CPA and he sends me home because he said i...
John J.
Property Mangement Certifications
What is the difference between the national assoication of residential property mangers (NARPM) vs the institue of real estate mangement (IREM)? It seems like they do the same thing, but IREM offers certifications for...
Michael Garza
1st SFH rental
I am planning to rent our my current home starting in February of 2024. I just put up a "For Rent" sign out front & will be starting to give home tours to potential renters soon. I am looking for recommendations f...
Anthony Simboli
Google Docs? MS Office? Others?
Hey BP! Wondering what everyone uses to keep track of financials/documentation and in general just stays organized with all of their investing. I'm considering just expanding my storage space for my Google Drive and c...
Jim Peckey
Best way to accept rent payments & separate finances?
Hello good folks of BP,My wife and I will be closing on our first owner-occupied rental property (duplex) in May 2019 and I'm trying to do as much up front leg work as possible to prepare for us being new landlords. ...
Account Closed
Starting out and organization
Hey all, my name is Nicholas Miaskowski, I'm 20 and just starting my RE business in Chicago. I've done mobile home deals and currently am buying more and more, I currently have 5 in stock. I work with my parents as a ...