Richard Moro
Deal on a 4 Unit in merrillville Indiana (NWI)
Hi guys,I am looking at a deal in Merrillville IN, a 4 unit next to other multifamily properties. This is a quote from the broker, " He wants 250,00 for it. Has income of $2775.00 per month and expenses are trash bill...
Patrick G Ndouniama
12 unit Multiplex deal analysis
Hi Everyone,I have been doing a few rental properties in the past couple of years and I am now interested in investing in a multiplex. I am currently looking at an opportunity in the Lansing, Michigan Market.The multi...
Mike Young
Software
What is the best computer software to use when keeping up with rental income, expenses, etc???
Ryan H.
Accounting and Property Management
Hello,I recently closed on my first rental and am working with a property management company. The company subtracts expenses for work (on the property) that I've already approved before disbursing rental income. Whi...
Arthur R. van der Vant
5 tips for creating a budget for your rental properties
Creating a successful budget for your rental properties is essential for managing your business effectively. Here are 5 tips for creating a budget that will help you achieve your business goals:
💰 Identify your incom...
Mike Wood
What expenses should be included in CAP rate?
I have started to look at 5+ unit multifamily units, with all of my experience being in duplexes (14 units current). I would like some help on determining what expenses to include in the cap rate to figure out the re...
Rebecca Kirkwood
Property Management checking accounts
I have my own property management company that is just over a year old. I was a property manager for about 4 years prior to going out on my own. That company was disorganized and didn't teach the infrastructure of the...
Matt Davis
CPA Question: Separate Management and Real Estate LLCs
I am a partner in a three-member LLC that holds a multifamily in Lowell Massachusetts.
Currently, I am providing property management services for the building. The other members are not involved in property manageme...
Viktor Singh
Self Managing property Tax implications
Hi all,I want to manage my investment property myself and wanted to know how to handle taxes. In the past, I have the used a property manager, and gotten a W9, but how should i do it myself ? Do i need to use some sof...
Joshua Ross
Why is the expenses so high?
Why do you account for expenses so high. Like with the 50% rule. 50% of rent will be spent on expenses. For instance, if I know every thing has at least 3 years left on its life and I handle property management and ev...