Lesley Resnick
When do I need to generate a 1099?
Could someone clarify when I need to issue a 1099?1. I hire a contractor to install A/C in my rental.2. I hire someone to rake the leaves in the yard.3. I hire a landscaper to mow the lawn every week.Is an invoice ...
Rj Escalera
property management professionals
hey i'm looking to bounce some questions off local property managers in the area but i don't see a subthread for the topic. just curious how fees are assessed ie; i know the norm for a property management is usually 1...
Bill Coleman
SparkRent (from Intuit) discontinued
Just got this letter from Intuit that they are discontinuing SparkRent:We are writing to let you know that SparkRent will be discontinued on March 23, 2015. After this date, you will no longer be able to collect rent...
Chris G.
Do Vendors Have Deadline They Need To Submit Bill By?
Do vendors have a deadline of when they need to submit bills by, I have a feeling the answer is no. Most of our vendors submit them few days within the job being completed but there's 1-2 vendors we no longer use that...
Gen Young
Property Management Maintenance and Flat rate vendors
Hi everyone,I have a couple properties managed by a prop management that charges me a flat rate fee monthly. I seem to constantly have repairs for an 8 year old home (which the tenant does not even pay on time), inclu...
Silvie T.
Tenant Damage, Small Claims, Serving, & Collecting
Hi all! Looking for some help from experienced landlords. We had tenants move out at the end of June and we were stuck with a huge damage bill. The total amount of damage is close to $18k, which far exceeds their se...
Kathleen J.
Tenant Forging Electronic Payment Receipts
We have billed our tenants through Quick Books for several years. In August I unwittingly took on a "Professional Tenant" who is making my life a nightmare.His September rent was 21 days late. He insisted his paymen...
Blake Edwards
How do you keep track of your utility bills?
Those of you who self manage multiple properties, do you use a simple spreadsheet to keep track of all the utility bills? Or Quickbooks, or something else?
Greg P.
Accounting - Filing System for Rehabbers? Need some Help Please
Hello, we are currently doing approx 40 properties each year and having a hard time keeping up with all of the paperwork. We were filing our transactions by each property and putting all information pertaining to the...
Daniel A.
Let Me Unclog Your Toilet
When I hear someone who says real estate is not for them because they don't want to have to unclog a toilet, I inwardly laugh. Sometimes outwardly. You see these people who wake up at 6am and work until 4 or 5, talk a...