What kind of systems do you use for tracking expenses/bills for each of your properties? How are you systematizing properties to keep track of all expenses, taxes, profit and loss, etc? My wife and I are up to 4 prope...
Our landlady just had a new garage door opener installed. It came with 2 openers and she is keeping one. You can't get into the house through the garage so all she can do is get in the garage. Twice now I have come ho...
A few weeks ago my tenant decided to move 3 family members into her unit. I found out and gave the 3 people a few weeks to move out and they did not. So I just gave them a 5 day notice, and they told me they would al...
Well BP, I'm in a pickle.I stated the year by submitting an offer on a 1913 local historic home I viewed a few days before New Years. It has been converted to commercial, and my plan is to use the first floor as my of...
Just wondering if anyone else keeps home warranties on their rental properties in order to keep repair cost to a minimum. Between appliances going out, minor plumbing issues, etc; paying a monthly premium and a $75 de...
Hi! I'm still rather new to real estate investing and I've been slowly building a chart of accounts since most the accounting softwares are not set up directly for real estate investors. I tend to feel like I'm missin...
Hello Everyone,
If I am lease-optioning a home I control to a tenant buyer, who has the responsibility for maintenance? Does the tenant-buyer take responsibility for those costs and issues, or do I as the own...
Hi BiggerPockets folks,My wife and I are new investors. We don't have an LLC set up quite yet (and we aren't sure if we're going to need it in the near future). We are closing on our first deal soon. It's going to ...
Hello all!
I'm looking to rent out a property and the property has a pool. How would I ensure that it continues to get properly maintained? I can't force someone to use a specific service can I? If so would it be in...
I've been trying to get into out of state investing for a while, and last year I did some zip code level analysis across the country looking for areas that have single family homes that might meet the 1% rule of thumb...