Is it possible to setup an automatic transaction each month from the tenant's checking account into my account for rent collection? I imagine that the tenant's bank needs a voided check from me in order to start the ...
Hi all. I'm a college student and have been following the BP forums and podcasts for just about a year now. I am saving up so I can get into the RE game after graduation. I have an interesting situation, though I a...
I have been slowly growing my buy & hold portfolio and I am getting to the point where managing my books from excel is not the most efficient solution. What does everyone recommend from an accounting software stan...
Hi all,I'm planning to sell one of my properties to the current tenant at some point near the end of the lease period. I'm curious what others have done and what is the typical sequence of events in this situation.I'...
I am looking to see what services are available that will automatically take the tenants rent payment from their checking/savings account (ACH) every month. I don't want the tenant to pay online, I want the service t...
Hi all, I am interesting in investing in the Columbus and/or Augusta GA areas. Looking only at multifamily. Looking for any experienced investors to comment on their experiences in these areas and any differences - I...
I recently closed an owner finance deal on a single family residence where the owner agreed to a 12-year note at 0%. My question is, what are you guys doing to set up automatic/recurring payments to ensure you don’t f...
I’m still a little new to wholesaling, I’m just wondering. What all those hopefully big but sometimes small checks that you make wholesaling real estate, do we have to put aside a certain amount automatically for taxe...
Updating my lease for new tenant (finally!). After the debacle with the last tenant (short version: wouldn't move, insisted we had an oral agreement; left behind thousands in damage) I need to add a "holding over" cla...
Hi BP,We are closing on a SFH shortly in South Carolina. This will be our first property that we will manage on our own. Yes, we are OOS but we have a team in place if something arises there. However, wondering if you...