Laura Henderson
Recommendations for property management software that sends owner statements
Hi there, fellow property managers.I have been previously using TurboTenant to manage my own investment properties but am now going to be expanding my property management business to include managing other people's in...
Eric Lee
What if a seller lies about their income statement?
How can we be sure that the numbers we are given are accurate? Can we ask for a third party audit? Is this common practice?
Howie Baker
Understanding a term on a commercial property Income Statement
I have received an income statement on an apartment building I am looking at after requesting the trailing 12 months Income/Expense statement and rent rolls. All they gave me was for October, 2018, but it does have a...
Paul Zofsak
HUD1 statement in wholesale deal has blank seller side
I have bought several properties in the past but my most recent was my first using a wholesaler. When I received the HUD 1 statement the seller side was completely blank so I have no idea whether or not the credit fo...
Brandon Sturgill
Drafting a Personal Financial Statement as a New Investor
So, I have been struggling for some time to draft a cohesive financial statement. I have a W2 job and routine living expenses, so my cash is always in flux. And I rehab and resale, so any profit I make is instantly ro...
Hugh C.
I have not received financial statement from general partner.
After entering into a PPM for multi family apartment, I have yet to receive any monthly financial statement from the general partners regarding said property. There are plenty of SEC requirements BEFORE completing th...
Hui Kiang
Tenant screening - Alternative of Pay Stub and Bank Statement
Hi Landlords,I have a question. We're at the final stage to screen tenants. We're asking for the 2 latest pay stubs and bank statement to verify their income. And prove they have enough fund to pay the rent if they're...
Nelson J Castillo
Haven't received rent/statements from PROPERTY MANAGER in MONTHS!
Good morning all! I have a bit of a problem regarding the property management for my section 8 duplex in St. Pete, FL. I have had this property for a little over a year and while it does cash flow well for me, I have ...
Stefon Franklin
Is It Possible to Calulate NOI from P&L Statement?
Hey BP Family,I'm new to small apartment investing. I received a motivated seller lead but the only data they have for me to look at is the P&L from 2016 and the P&L from January 2017 until April 19 2017.. Is ...
Donna Salmiery
Where to include appliances on P and L statement
My first two years of owning rentals, I just put appliances such as washer and dryer, stove, under "supplies". I have switched accountants and my new accountant asked me to use Quickbooks. Now I am not sure where to i...