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With all the contracts, documents, invoices, and other paperwork, what is your filing system to stay organized from start to finish?
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Hi BP. In the last three months I have managed to purchase my 3rd and 4th property. Up until now, all income has been saved. I only dip into my reserves when the properties need repairs or upgrades. However, now with ...
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When first starting out with less than 5 properties, should I open a business bank account? Or should I just open a personal checking/saving/line of credit account and treat it like a business bank account? Also are t...
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I self-manage a few properties remotely and I couldn't find an affordable solution for managing my properties. I like buildium, but $150 / month is expensive. I also tried out hiring property managers but 10% of rent ...
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Yes I'm posting a lot today. All of the leases I prepare end on 4/30. SO 90% of my tenants expire on the same day. Makes it easy for me to do walk throughs prior to a new lease. But the inherited tenants and the folks...
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Hello BP Pros. Newbie with first post here. How many types of bank accounts do you use for the actual property management/bookkeeping activities? Do you have a checking account, a separate account for Capex etc, and a...
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Hi All, I'm looking for an easier way to manage my properties and books. I'm spending too much time with only 5 units. I’m planning to acquire more properties, and I want something that I can scale. I currently have 5...
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I have recently begun working with an individual to help me with paperwork and other tasks.My top three tasks as of now are (after training): 1. Paying bills and recording financials.2. Organizing all files both digit...
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Excited to say that I have purchased my first investment property. I plan on flipping this with my brother we used an FHA 203k loan which was more expensive then I was expecting and a hassle. I know have a foot in th...
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Hi guys we are going to have a little get together this Sunday afternoon at 2;30 at Broken Top. If you're interested please let us know!Account Closed