My list of properties has more than doubled this year. I was tracking expenses with excel spreadsheets. I am hiring a CPA to do taxes this year. He recommends getting quickbooks. Is it worth the monthly fee, time sett...
Hello! We are closing on our first out-of-state investment. How do you handle showings for prospective tenants from out-of-state? We would prefer not to use a property manager, and our realtor is charging one month's ...
I am taking over family property, multi-family units, which has been ran very hands on and without any online systems. I would like to get everything updated and ran more efficiently. What software would be recommende...
Good morning BP. Firstly let me say that I'm using my girlfriend's account, for some reason my Pro account (@Joshua Pavao) won't let me make a new post! I will post directly under this with my account, so PLEASE tag t...
Helloi am in the process of evaluating my first multi family deal. I have been speaking to potential lenders all of last week. Today i just finished looking at the property and id like to make an offer. The sellers su...
I am looking for ideas on how you allocate different expenses between different properties. I am property managing my properties and currently have 31 of them, so I'm not getting a cash flow report from a property man...
Using the 50% rule as an example, on a house that rents for $850.So $425 goes to expenses/vacancy. Is it best to deposit this portion in a separate bank account? So for those that have multiple properties, are you usi...
So I currently have one rental property. It is under my name and not an LLC, but I plan to create an LLC and quit-claim it very soon (any advise on this would be greatly appreciated).I have been using my personal che...
What are you seeing as CASHFLOW on your properties and what was the purchase price of that or those rentals?I'm talking about cashflow after all expenses. $100 per door? $1000 per door? What are you seeing in the diff...
Hello everybody,
I have put my apartment up for almost a month now and I had 50 or more inquiries but they did not fit the 3 times the rent policy, they already found a place or they had red flag answers to my que...