I am getting ready to close on my first rental property. I have been trying to get things organized and prepared before the closing date. I am looking for a simple way to track all expense for the rental property. I h...
Listening to the latest podcast with Natali Morris got me confused about what is considered taxable income from real estate and how the legal entity influences this.She claimed that if I hold an investment property in...
I had my house under contract in TX but the buyer backed out during signing. I have spent around $6k to fix few things that the buyer wanted. The buyer is willing to reimburse the expenses so that I dont take him to t...
Hi BP fam,What is you favorite/most effective way to calculate expenses for a potential STR? What resources do you use? What has been most efficient for you and most accurate?Right now, I base numbers off of other loc...
Can I charge the tenant for the cost of a clogged toliet even if it's stated in the lease? I have heard that's one of the issues Landlords are NOT responsible for.Thank you for any advice!!
We own a house that we were living in, but converted to a rental property in 2010.
We moved out of our house on Nov 18, 2010.
The tenants moved in on Nov 26, 2010.
To prepare the house to rent, we made several repa...
I'm trying to run the number on my first STR and I dont want to miss out on any expenses. I have the main expenses like mortgage, taxes, insurance, utilities, repairs/ maintenance and cap ex. Is there anything else I ...
Hello BP community, this is a question for investors investing in expensive markets such as Los Angeles, New York, Seattle, etc. What type of real estate are you currently investing in? How are you making a profit wit...
Anyone using stessa to track expenses and incomes ?
How do you folks track various expenses (furnishing, food, payroll, local & air transportation, referral fee, licensing fee, repairs/renovation etc.)?Do you link business credit card (or bank account) to QuickBoo...