Hello BP Community,I'm exploring options for a commercial property in Long Beach, CA currently held in a living trust. I've noticed many investors choose to transfer such properties to an LLC for legal reasons. If a p...

I saw an excellent piece of advice in our Official BiggerPockets Facebook Group today. "I created an operating procedures manual. Details all vendors, bills, banking setup, tenant details, current outstanding projects...

Hi, Recently my offer was accepted on a 22 unit MHP . It's taken a long time. Park owner filed bankruptcy, he's been out of picture and i've been negotiating directly with bank. When owner left town he didn't leave an...

Is anyone using the software YNAB (You Need a Budget) to operate their rental business? We currently use Quickbooks, but it lacks the budgeting portion that I am finding more and more critical to mapping out our cashf...

This came out this morning from the National Association of Realtors!Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on t...

Hello,
I have 10 single family homes as rentals. I opened a checking account for each property to manage its rent collection and to pay its expenses, ie: mortgage, maintenance, etc. Each month I scrape these accounts ...

This has probably been asked many times before, but I was not able to find it, so...When analyzing a larger multi-family (50+ units), what percentage should be plugged in for a third party property management firm, as...

Hi everyone,Just looking for some advice on how to manage finances. We are set to be closing on a deal that would put us at 23 units total spread across 3 properties that we are self managing. We will be using Cozy fo...

Wondering what the appropriate questions are to ask before making an offer on a Multifamily?  I assume you'd obviously want the gross scheduled income, vacancy, gross operating income, total expenses and NOI but beyon...

Have a lunch meeting this weekend with a Realtor/Investor/Property Manager in Baltimore City. Looking to get into this market because of cash-flow potential. This will be our first property and will be using a PM ...