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Beyond the obvious minimums (place tenants, field calls, collect rent) what other value-adds does your property management company offer (accounting, maintenance logs, legal documents/representation, etc.)? What would...
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I'm looking to present a deal(s) to my parents. Being as they are my parents they would more than likely simply loan (no interest)/give me the money, but I want to approach it from a business standpoint A) to show ...
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Hello BP Pros. Newbie with first post here. How many types of bank accounts do you use for the actual property management/bookkeeping activities? Do you have a checking account, a separate account for Capex etc, and a...
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Have LLC for buying and renting homes want to set up separate business to manage, do repairs for LLC and want to do the work myself in that business. Can Joe Doe LLC (owned by Joe Doe) hire Joe Doe property managemen...
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We are OOS investors and have a small portfolio (5total) SFH and duplex in the Northwest Arkansas area. We live in Austin, TX and are looking to expand however NWA has become quite overpriced and as such we are lookin...
We're looking at some new markets. Has anyone worked with a property management company in Tulsa they'd recommend? Looking for a company with deep knowledge of the local market and experience with value-add business...
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I talked to an attorney who looked over my current situation (1 LLC) and recommended instead of having one LLC holding 15+ properties to divide them among smaller LLCs that contain fewer properties to separate them i...
Hello, I'm currently going through the process of attempting to open 0% business credit cards to hopefully potentially use as the downpayment to qualify for a hard money loan, to then use that hard money loan to purch...
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Hi All,
I currently have 3 LLCs managing my properties, and those 3 LLCs roll up into a "holding entity" LLC, taking my LLCs to 4 in total.
I understand that I need 4 separate bank accounts to prevent co-mingling of...
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So this might be a complicated question but those know their accounting / bookkeeping well, should know this… I’m getting conflicting answers between my accountant and bookkeeper. The problem is convincing my VA boo...