This is a total newbie question- so I apologize in advance.
Do property management companies typically keep the books on a property for their client (and deliver a balance sheet, income statement, etc)?
Or do they...
Hey everyone, I'm new to the RE world and am looking at a few properties in my area after a lot of research. What's the best way to:1. Screen potential tenants2. Writing up a lease3. Collect payment. Totally newbie qu...
Should you even bother?
Your first question might be – why should I? Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom...
Hi everyone, just wondering what your experiences are on receiving 1099k form from using a property management software to receive online rent payment. I am thinking to switch to online rent collection from receiving ...
I own a 140 unit self storage property. I've started looking into installing a kiosk to accept payments and handle rentals. I've spoken with one kiosk company so far. They have been pretty helpful. For all the bar...
Hello all,I am looking to get into real estate investing this year. I have been doing as much research as possible and have gravitated towards turnkey investing in single-family houses to start. I have been very inter...
This is my financial situation:30k incomeRental property (I own):4k monthly rent1.5k/mo PITIWant to buy:350k-400k property4k monthly rentI've used online calculators (for what they're worth) and they say I qualify. Al...
ok so I passed my test on the 30th and thought the hard part was over! I've been having a real hard time getting things set up and running, and finding/making a website that's not like every other realtors is drivi...
Canadian Real Estate Investing Online Resources ListThis is my second post on the same topic as the BP forum did not allow me to update my list very well. Therefore, I have created a Google Sheet to compile the list: ...
This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.
Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors
2024 update: While not directly related...