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Hello BP'ers Just wanted to gain insight on how you run your rental business in regards to finance operations. Do you accept rent payment electronically? Did you open up a separate bank account to track income/expense...
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One of my tenant inform me that she is switch banking, as a result, she need set up new ACH to pay the rent. The process include she initiated a try deposit into my bank account which it went through. After I told her...
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Hi BP-ers!Recently my REIA hosted a speaker from a firm who write self-directed IRAs. This seems like a valuable tool for investors but when I spoke to my accountant about it she said they could only be opened by indi...
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Question for all you knowledgeable & helpful lenders out there!
Over the years, I have a semi-substantial sum of cash saved that I’ve been storing in a safe. Now that I’m looking into purchasing an investment pr...
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Whats up BP!To begin, I am a soon to be real estate investor with enough of a nest egg to begin my first deal here shortly. I have been obsessing lately over books, podcasts, webinars, etc and am starting to put the p...
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Do people feel that there is a difference between "Cash offers" and waiving the Financing Contingency?
I often see people talk to people like they are the Spawn of Satan if they say they are making a "cash of...
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Looking to see how many people use Cozy.co to take online rental payments? I've only used it for one month and it seems, at least to me, that getting payments takes FOREVER! It took 8 days for the last payment to go t...
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Does anyone have a clause in their property management agreement of when payouts should occur/be processed following monies received? My property manager takes a few weeks to process payments after receiving tenant pa...
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Hello everyone I'm a Property Manager of 15 apartments in a small town.Tenants pay their rent at our bank. 90% of our tenants pay with a check.I would like to set this up so that Tenants may pay their bill online.Ar...
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I am looking for advice on updating some systems with a commercial building I help manage. Basic intro - I starting working for a local investor/property manager in my small town as a kind of personal assistant. We ma...