Amar P.
Airbnb payment timing & how it relates to accounting/bookkeeping
Hey allWe are starting strs with Airbnb being our primary income source currently.For you airbnbers, when does airbnb pay the owner or the rental property? At time of booking, some other in the middle or when they st...
Ben Bakhshi
Should I expense tax and insurance escrow payments monthly?
This is a bookkeeping question.Every month we make a mortgage payment which includes: Principal, Interest, and Tax & Insurance.I split the payment in Quickbooks Online, so every month our mortgage goes down, plus ...
Nick D.
Newbie closing on first deal in 2 days- Issue with owner repair
So I have a 6 family under contract in New Britain, CT that I am expected to close on in 2 days and I have scenario at hand with the sewer/basement. After going through the inspection stage I asked for some repairs to...
Alex Maldonado
Wrapping up flip #1, deal #2 accepted today
So we were suppose to have an open house this weekend for our first flip in Stratford, Ct this weekend but it has rained all week this week so a couple of things outside haven't been completed. The sand from the old p...
Gideon Blustein
Interest rate vs. Liability protection: do I have to choose?
Hello BPers- I've got 4 active SFRs and want to grow to 10. Debating whether to keep the loans/properties in my name and benefit from long-term super low interest rates or convert into LLCs and do commercial loans tha...
Mike G.
Requesting help in understanding safe harbor applications
Hi BP,I recently incurred significant expenses for the exterior of one of my properties, and am requesting your assistance in understanding what I may be able to deduct in the current year. I would classify each of t...
Bob Stevens
NEWBIES need to STOP doing this.
I see post after post after post, hey can I get a list of your contractors, PM'S and hey how about a call so I can learn. We all worked hard for years; we are not just going to give it away. Have a read
A good frien...
Patrick Leitch
Too many receipts!! Property management
I just got a position with a management company and we handle 2200 units in Tennessee. We are growing at such a rapid pace I have noticed our systems aren’t adapting.
For example, with all of the units, there are a s...
Mong Vang
Earnest money not refunded - First time home buyer, need advice
Hello All,First time home buyer here. I ran a search and couldn't find anything in greater detail about earnest money refunds.My current situation:I am in cancelling a home purchase due to all items on the amendment p...
Steven Mitchell
GC wanting to be paid 3k per week plus materials
We have never had a bid like this before. Sounds shady to me, but thats because I havent seen it and I think it practically begs them to drag the job out. Anyone have an opinion?