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 ...
I'm looking at buying a property to live in and eventually rent. My lender is suggesting a 10 year fixed vs a 30 year right now due to rates. My strategy is to keep the home long term so to me a 10 year doesn't seem l...
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...
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...
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...
Hi everyone. I have a questions about cash flow of rental properties. So I’ve been reading about all of the expenses I should be taking out of the rent I receive to determine my pure cash flow. Mortgage, taxes, insura...
Hello,I was told that it is important to open up a bank account per rental property. I wanted to know if anyone has done this and if so what are the benefits and what banks are the best to utilize in the New England a...
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...
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...
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