Courtney Duong
charge tenants late fee if they pay CAM recon late?
Hi BP,
I manage a multi-tenants retails and tenants have been paying an estimated $7/sf/yr for NNN. So last year 2021 the previous PM did the CAM reconciliation for 2020 and the actually NNN was supposed to be $10. ...
James Mays
What is a "Book Keeper"?
I currently have a 1 LTR condo in Orange County, CA with the goal to expand 3-4 in 2024. As I start to expand I do not want to get caught in a paperwork pile. In terms of a Book Keeper what do they actually do to prov...
John Ramos
How are Colorado Landlords recouping/collecting late fees?
We are now into a couple of years living with "SB21-173, Concerning Rights Related to Residential Rental Agreements" and as a landlord I wanted to see how others are actually recouping/collecting any late fees from yo...
Nick Brubaker
What paperwork do I need in hiring contractors?
Hi everyone.I purchased my first property last week and have settled on my scope of work and the contractors I will use. I am hoping to have them actually do the work in the coming days. I am wondering though, what ...
Greg Von Notias
Property Management Company Ripping off my In laws
My inlaws have a 4 unit property that should net around 10K a month. The PM company tell them EVERY month that between 4 and 7 thousand dollars of maintenance/repair is needed. My inlaws say, "well the building is old...
Roger Devore
Debt to income ratio
Without outside investors (rare) how does one overcome debt to income ratios without paying in full for a properties? I have set a goal is to acquire 5 single family properties within the next 10 years. I have my firs...
Asury Johnson
Tenant copy rights his name
We had a previous tenant move at the end of his lease. He was an ok tenant. However, there were damages, to include that he tried to install a Nest thermostat and blew a fuse because of it. He tried reinstalled the or...
Cassidy Burns
Quickbooks Online Vs. Quickbooks Pro
Hi BP,Opinions on Quickbooks online vs. Quickbooks Pro? Seems like online offers better access. If you do suggest online which level do you suggest?Thanks in advance!
Kyle Burkhardt
Repair after repair after repair
Hi BP members,My business partner and I, @Sean Edward O'Brien, recently purchased a buy and hold duplex in Kansas City, MO. The cash flow is "great" and the property easily satisfies the ever-so-important 1% rule. W...
Kris Fox
Landlord-Tenant issue
I'm sure something like this has been covered before, but here goes...There was a plumbing issue with the main drain line. There was some gurgling when the sinks/tubs would drain. That's obviously not normal. I call...