I have been coming to BP a while now for advice, which has always helped me steer in the right direction. I am in the heating and air-conditioning industry and am currently in the process of starting a residenti...

My wife and I are going to turn our primary residence into a rental. We are planning to manage it ourselves.We would live close by.I am currently reading and watching everything I can about landlording. Any advice or ...

Someone called off my letter that I sent 4 years ago.
Long story short, 3-4 yrs ago, three heirs inherited a house and later sold it to a son of the 3rd heir. First two heirs jointly financed 2/3 of the loan (one not...

Hi, Four years ago I bought a house that I got thru owner financing . I thought it was a good investment , until i recently tried to sell it this month. Found out that It was a wrap and unfortunatly I was not wise to ...

Hello! I'm going nuts here trying to figure out how to properly set up a statement that shows my cash flow. In particular, we have a reserve (escrow) account that we put money into each month the year before to cover ...

Hello BP - It has been a while.I just had a tenant leave a unit after providing 30 days notice. He was a day late in moving, contacted me to say everything was moved out and when I arrived that was not the case, There...

Hi all -I recently hired a bookkeeper to setup Quickbooks for me for my rental business.  She entered 8 months of transactions for me and told me that for mortgage payments, she created a category of "Unallocated mort...

I am developing a tenant application and am a little uneasy asking for personal information.  Many applications I reviewed while developing mine asked potential tenants for bank and credit card account numbers and bal...

Good evening BP,I started a new LLC for my buy and hold properties and I'm trying to figure out how I should "properly" fund it. I opened up new bank accounts under the LLC and want to move funds from my "personal" ac...

I seem to have a very motivated lead that really wants to get rid of her property. However, there are a few nuances that I have to overcome so that I can properly convey the right message. She mention if I were to ...