It happened again. My tenant hasn't paid yet. I should have expected it, but she said she'd pay today and she didn't. So far, she's paid on the day she said she would, usually 3 to 10 days past the first. She's been r...
Does anyone have a damage and repair price list for student renters? I rent out in Boston and don't have enough experience to price out a list of things. I'd like to compare or at least see what most people price out...
Hello everyone. I'm closing on my first investment property in two weeks. Thanks for all the help leading up to this. Question: I'm inheriting tenants in one of the units of the building. The seller has offered t...
I am currently in the process of negotiating with a property management company to manage a multi-family rental and I'm curious about how others in the BP community structure their accounts. Can anyone advise on wheth...
I am about to acquire my first rental (4plex) multifamily unit. (this is a seller finance deal) I need some advice on the best way to separate the money I need to save for operating expenses, from my cash flow. Should...
I'm not quite sure on how to structure my bank account... currently I have a property account and a cash flow account, to separate the cash flow from the expenses, but should I be opening a business account and within...
Hi All,I purchased a duplex back in October of last year and the upstairs unit was already rented when I bought it, so I let the tenant stay and they have been very good so far. I received the tenant's $500 security d...
Hi all
So I will become a landlord soon and I just wanted to know what should I have or need to get as a landlord. For example what type of account should I open to hold my tenants first, last and deposit, etc?
Hey BP, I'm a newer investor trying to make sense of the accounting/bookkeeping side of the real estate investing world. Getting into buying more properties I need some advice on how to organize and build out bank acc...
Hey all,
I will be closing on my first rental property soon (house hacking a triplex in Philadelphia, Pennsylvania) and am starting to think about organizing the finances of a few accounts, not only for accounting ea...