PATRICK MYLES
Turning Credit into Cash
Hello BiggerPockets Family.I am in the midst of closing a deal on a foreclosure that I intend to rehab and flip. This particular deal requires more cash in escrow then I have on hand so I went the business credit rout...
Coty Jones
Online payment methods for collecting rent
Hello BP,I have been researching online payment methods for collecting rent. A lot of them seem to have a 3% or 4% fee associated with them (which is $30 to $40 for my tenants.) Does anyone have a good online paymen...
David Orr
My IRA won't rollover my funds into my Solo 401(k)
I have a traditional IRA with SDIRA Services, and I want to rollover all of those funds into my Solo 401(k). The IRA company is giving me a hard time about it because they are expecting a 401(k) company to send them ...
Kevin Galus
Accounting (Property Mgmt) takes fee from deposit
All,I need some guidance on how to account for the following in QuickBooks:I use a company to find and place tenants in my properties.They charge me ½ of the deposit fee.So here is the issue. I actually never write a ...
Meleana Tuimoala
Holding Deposit Contract
I held a deposit for 3 tenants (room mates) on a unit and only one of them signed the deposit. It was $1600 deposit and $500 non refundable. One of them is asking for a refund of his portion he gave to the roommate th...
Ling S.
Auto rent payment?
I only hav two rentals now. One tenant has been sending me the rent checks to my mail box on time via his bank's auto payment (the bank will issues a check monthly). I would like the check deposit to my account direc...
Dan Borecki
Massachusetts Banks for Security Deposit / Last Month's Rent
Hi All,
I am a first-time landlord in Massachusetts and just received a security deposit and last month of rent from my 2 new tenants. I am familiar with the rules surrounding the deposits, but do any of you...
Shawn M.
Pay Rent Online?
The last renter I had paid by cash or money order. Now that I will be renting out two units in the next month I am wondering if I should go with an online option to pay rent. How do you collect your rent? Do you us...
Sonu Sharma
Collecting rents from tenants
Hi all landlords,
What are the different no cost/low cost ways to collect rents from tenants ? Planning on kicking out my Prop Mgmt company and save some green !!
I read about PayPal but for some reason am not a fan...
Nathan Siva
CPA and tax attorney
Hello everyone. Hope all is well. I just started investing in real estate. I am looking for a CPA and an attorney. Can Bp members advise me on where I should start and how do I find they are good. The accountant that...