Jenny Seaborn
Quicken Rental Management VS. Quickbooks
What is the better software for managing rental houses. Quicken Rental Management or Quickbooks Pro 2016. I did see there is a small forum on this, but I still cannot make a decision. Any further help on this would be...
Mitchell Hammack
15% Property Management Fees Reasonable?
I've always heard that you can expect to be anywhere from 8%-12% of rent for professional property management. I'm finding PMs who charge that as the base fee... but what I didn't expect is to see a high cost for find...
Luke Panas
Bought my first house, I am in Vero Beach, FL and house hacking it!
Hey all, really look forward to learning from you guys! My name is Luke. I am a business owner of 2 stores, 1 in Vero, and the other in Port St Lucie. i got a killer deal on a house in Vero Beach, Florida. The only pr...
Paul Winka
Property in service, and how to deduct repair costs now?
I just bought a house in my name that I intend to rent out. I paid $46K for it and closed on 14 Nov. It needs around $35K in repairs, and those repairs are ongoing now and should be finished by 25 Dec. I would like to...
Adam Q Berry-Huff
Thinking of Selling in Bellingham, Looking for Advice
A Little BackgroundI bought my first home in Bellingham about 4 years ago for $295k. The current Redfin estimate is at $419k and I owe $266k. So I essentially have about $150k in equity. It is being rented and it is c...
Les Williams
Piggy back on credit for profits!
Who's heard of this before? And is it a good thing to do. I hear its the next
best thing. But, I have a hard time believing it.
Who in their right mine would allow
some one to piggy back. And what are your chances ...
M Ness
Feedback on First Deal
After a lot of researching, reading, and planning, I'm getting closer to purchasing my first property. The goal is to buy a cashflow rental condo unit. I settled on a condo unit for a few reasons: in my target town, a...
Tom Feret
Creative option(s) for fully rented multifamily to be an OO?
Has anyone creatively come up with a way to acquire an already leased out small multi-family to be able to structure it as an OO?As an example: duplex->fourplex with all units leased until the end of the year, but ...
Paula Miser
Offering tenant a hotel room
We are offering a tenant a hotel room due to no water. We prefer she pay for the room and we reimburse her after she provides a paid receipt. She would like us to pay. I am hesitant because if we use our credit...
Nicholas Jose
Lost rental income: use reserves or insurance?
Good afternoon, BP.When you start out and buy that first duplex (or other multi-family property), would you rather A) save enough in your reserves that you're covered for at least 6-months' worth of lost rent? or B) u...