Hi All, I'm looking to create a holding company and subsidiary LLCs. My question is, does each entity need an EIN and do the mortgages tie to the subsidiary LLCs or should they all come from the holding company? Thanks

I’ve purchased my first duplex and I’m trying to figure out how to do the property management aspect as well as the book keeping since they seem to be separate. Ideally, i'd like one piece of software or cloud based p...

I'm looking at a 3BR SFH built in 1996 to hold as LTR or possibly flip.  It currently has two finished rooms in the basement, neither of them with a proper egress window.  The larger of the two rooms is pretty big and...

I am revising my lease and I am curious if I should have my tenants initial every page of my lease. I was given a lease from a friend who requires it, but it seems a bit like overkill. Do you require your tenants to i...

I own and self-manage a 4-plex in a neighborhood about 30 minutes from my house, 5 minutes from my place of employment. I plan to purchase an internet plan for the site and install a mesh wireless router system to boo...

Hello Community,
I'm under contract for a quadplex (first property) in Cincinnati, Ohio. Three units are currently rented under 1-year leases and I plan to live in the fourth. I requested and received the signed leas...

I have bought four properties in the past year and prior to purchase, ran all numbers based on budgeting 10% for repairs and 10% for CapEx expenditures. These were acquired via turnkey, so in nearly all cases, all big...

Hello!  It's the TAXING time of the year! And starting 2023 off and runningAsking for your opinions about your favorite (or least favorite) accounting software programs other than QuickBooks.  This has been a common t...

Hi BP - Would anyone know of any Multifamily Due Diligence training (books, seminar, gurus, etc...) available? I am always trying to enhance my DD skills and would love to see what others are doing. Thanks!

Chicago area. I have a 3 unit building with GFA and all the ductwork but no AC. I plan to install central AC in the top two floors using existing furnace/ductwork. Should I also install AC for the basement unit while ...