Debbie Rumsey
Organizing the stacks of papers!
I am in serious need of PAPERWORK help! We own 20 doors and I have no problem managing them myself, however, the paperwork is out of control! Does anyone have a system that they use that, for instance, when you need...
Carson Campbell
Late Fees and Eviction Proceedings
Hi BG Community,
I started renting my first property in May of this year on a 12 month lease. The tenant paid the first two months up front, and then paid each month on the 1st as we agreed upon in our contract. Last...
Dylan Favazza
Tracking Vacancy Rates - what is the true cost?
Hello BP!
I'm new at investing as of this year and need some advice on how to track vacancy expenses. I'd like to look back on my first year and see what I spent on turnovers & vacancies....but so much goes into ...
Brendan Merrill
Tenant-Landlord laws in Virginia
This is a long story so I will try to make it as quick and simple as I can.
So back in 2019 I moved into a 2 bd house in Alexandria VA, that I was renting. I had 3 dogs and paid a 1300 non refundable deposit towards...
Jeremy Blackman
Bookkeeping Advice for Landlords
I just got my first rental in November and I’m trying to get my bookkeeping together as the year closes and I Only have 2 months worth of income to track. I’ve been playing with QuickBooks to figure it out which I’m m...
Simon Hernandez
Getting taken for a ride by fellow investor - to foreclose?
Hello and Happy Holidays everyone. I’d like to get some guidance on a situation that’s been brewing here for a while now. I’ll try to break it down as clearly as I can with as much objectivity as possible. Disclaimer ...
Josh F.
Expensing vs. Depreciating Assets Under New Tax Law
I am getting a bit confused about what capital improvement costs for my real estate portfolio can be immediately expensed vs need to be added to my basis and depreciated over time. I am further confused by the concep...
Jacob Wietholder
Self Managing Rent Collection
I finally have my first investment property under contract, a duplex with two long-term tenants already in place in Davenport, Iowa. I plan on managing the property myself. What method(s) are best for collecting rent ...
Artur A.
Need guidance: Property manager transparency & high expenses on old property (1910)
Hi Everyone,
I'm facing two issues with my rental property and would appreciate your insights:
1)Property Manager Transparency: My property manager doesn't readily share details or invoices for expenses, instead ask...
Denashya Miller
Book keeping questions
Hey everyone! I wanted to know what platforms y'all were using to keep your books when it comes to real estate investing. I know Quickbooks is famous but I also came across something called reihub that that is geared ...