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Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
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Hi, I know that if I compared a $30,000 house renting for $600 a month to a $120,000 house renting for $1,600 a month, the cheaper house would have proportionately less property tax and vacancy factor, maybe also insu...
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Looking at a 12 unit apartment, owner is asking 288k.
There are 3 buildings, one of the 3 buildings is for laundry, hot water
heater and storage. Court yard layout with units facing inward towards
court yard. All si...
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Does anyone use rules of thumb for estimating expenses per unit for multi-family property? I have recently been told:Owner paid utilities: 4K-4.5K DoorTenant paid utilities: 3K - 3.5K DoorDo any owners have actuals...
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Right now we have a separate business checking account (a sole proprietorship) for receiving payments from our property manager. However, I read a post (which I can't find anymore) that seemed to suggest it was better...
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I've talked to accountants and tax agents and no one seems to think this is a normal situation, but my understanding from the BP world is that people do this all the time - am I wrong? I want to own my properties in s...
Hi BP,
Apologies up front if this question is asked often. In utilizing the search feature, it does not segregate between forums, and it was hard to find the results that I'm looking for.
Situation is that I'm ab...
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Hello everyone, this is my first post. I'm looking for some helpful advice on a possible purchase of a quad plex. This would be my first investment property. I've found a ton of useful info on the site and have bee...
I'm looking for recommendations on landlord software for me to track my expenses, repairs, bank account, etc.I do not have an extensive portfolio so it doesn't need to be an extensive commercial grade software suite. ...
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Hey all, I am having a hard time with my property managers to validate the expenses they claim. For example, one of them changed tge AC for around $1500 without getting approval and this month I get nothing from two ...