Mark Nimchuk
What to do with tenant's stuff??
My tenant gave 30 days notice to be out of the apartment by 4/30/15. He hadn't been living in the apt full time for at least the last 4 months because he has been working out of town (which is the reason why he gave ...
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Evicted Tenants' belongings
Hello All!
I need some guidance please. We have a tenant in a home in Northridge, CA that we bought from him, then in turn leased to him so that he could stay and try and get back on his feet financially.
He has no...
Jordan Greek
Appliances - pros and cons of providing
As renter, the units always had appliances. I never thought twice about it. Now as a landlord, I’m faced with a decision to provide appliances or let the renter provide them. To define appliances, my scenario calls fo...
Ron P.
Accounting for Multiple Flips
I have multiple flips going, all under one LLC taxed as an S-Corp, and have the accounting structured as follows:- One Quickbooks file and one bank account for each property. I could use one file and one bank accoun...
Rohan Patel
Partner Buyout - Opinions Needed
In the middle of buying out partner (50:50 partnership) in a mixed-use owner operated Gas station and real estate property. Buy out would be of two companies, first is operating company for the Business operations of ...
Alex Fenske
Bookkeeping when managing 3+ flips at a time?
For those who manage 3+ flips at a time, I'm curious what bookkeeping software you use and how you keep all the expenses properly matched to each property. I use QBO for my corp books and Stessa for my rental portfoli...
Isaiah Oloyede
Must Have Tools and Equipment for House Flippers
Hello BP,I'm doing a personal research here. I am trying to compile a list of must-have home renovation or improvement tools and equipment for flippers. By tools, I mean physical tools, not software.What would you con...
Robert Ford
Repairing credit.
So here is the scoop. I am looking to repair my credit I have been working at this for about 2 years now. I have been able to obtain credit cards since my start. I went from having 10+ DAs and a Repo that I still owed...
Account Closed
Learning how to estimate rehab costs
Hi all,I'm trying to dive into real estate wholesaling and would like to learn how to develop the instrumental skill of estimating rehab costs. I need to get this down so I can analyze any wholesale, flip, or buy and ...
James Quillen
Repair / Maintenance Tools
I've bought a property and I'm getting it ready to rent. I have not publicized it as available, so I'm not operating under the safe havens.
How are hand tools deducted (if at all)? While I understand major equipment ...