I will be closing on a Triplex in two weeks and had a question regarding the separation of metered water. Currently the owner is paying the WSG which totals about $1,200-$1,400 every 2 months. This is a large expense ...

If I am renting a property of mine just under my personal name do I need to set up a separate bank account and pay the property loan, taxes, insurance etc out of that separate account? Or can i just pay everything out...

Good afternoon,I've been reading Profit First by Mike Michalowicz and am going to set up the system just like the book tells you to do. I was wondering if anyone of you have tried this and how has it treated you? How ...

I am a broke college kid and I did some homework on how to have my apartment pay for me and itself through multifamily duplex. I found a great apartment for sale close to my campus. I want to rent out the other 3 room...

I'm so confused. I watched so many you tube videos but still I haven't gotten the answer.  Is there any specific book that would answer the following questions?
1. How does investors use leverage to buy rental proper...

January marks the 13th anniversary of the purchase of my first rental property.  Since I learned a lot from this community, I wanted to share my success with you.  In 2024, I hit $200k in cash flow from my properties....

Hello BP!Are expenses per unit significantly different in small apartments (10-50 units) versus large ones (100+ units)?I came across a couple of listings for small apartments (16 and 36 units), where stated actual ex...

Hi all, i have been lurking around bigger pockets for the last 6 months or so.  This site is very helpful, especially for wishful newbies like myself. I finally closed on my first investment property a few weeks ago. ...

Hello everyone, What is the proper way to log this transaction? I am using TenantCloud to log income and expenses for my properties. TenantCloud does not link directly to my bank account like QuickBooks.  I had excava...

I pay my tenants utilities on one of my duplexs. Can i write this off as a business expense at the end of the year?