Steven Virgil
Breaking PM contract
I purchased a 4 plex last year in South Bend, IN and was somewhat cornered into keeping the existing PM due to being out of state and some unethical actions by the seller. The 4 plex is in a rough area and is 3/4 occu...
Young Rice
Real Estate Rental Accounting
Hi, Does anyone have a sample excel sheet with book keeping or accounting for someone that is starting up with rental properties. Basically what I am looking for is something like a detailed real estate balance sheet.
Chip Larson
Electronic Receipt Storage
Hi all. I'm wondering if anyone has recommendations for electronic receipt / invoice storage compatible with Mac? I think it's high time for me to move out of the stone age and stop keeping paper files and receipts....
Ben Azubuike
What Due Diligence Items Should I Consider?
Hello BP Community,I just got under contract on a property, and I agreed a 9-day due diligence period under the contract. The property is currently tenanted with the lease expiring in July 2025. Property is also manag...
Lee Lockhart
Finance of America Commercial LLC
Hello BiggerPockets, has anyone ever worked with Finance of America for financing?
Ashley Wolfe
Sales and Use Tax and Occupancy Tax: Do we pay both?
I've gotten my first quarterly "pay your local and state taxes" statement for our Sales and Use # that we established for our Airbnb business. Occupancy taxes for Texas (6%) are already collected by Airbnb on our beh...
Jonathan Leung
Tenant late on rent. What's the proper step to evict in Texas?
My tenant only paid partial amount of the rent last month and haven't paid the rent this month. Tenant is not very responsive but we had email conversation 2 weeks ago. I sent the tenant late rent notice via email las...
Davon Lowery
Buyer Beware (online auctions)
So, after much deliberation, I decided to share my experience. I listened to a podcast a while back where the interviewee stated that he had luck using the online auctions sites and he had a steady stream of propertie...
Jack Zhuang
Should I give seller a property tax refund after closing?
I just closed on a SFH purchase last month in TX and I received an email from the seller's agent requesting a refund from me because the seller over estimated the property tax and has over paid during closing.Has anyo...
Nat C.
Months of work a thousands of dollars down the drain
In December 2014 I signed a contract to purchase real estate from 2 people with a closing date of 21 December.Just before signing the closing statement, one of the sellers was hit by a car and ended up in hospital. Th...