Hello,I am a 23 y.o. who recently purchased a 3 family (almost a year ago) in MA. I live in one apartment and the other two are rented out. I am looking for some help in regards to financial management organization an...
Everything that has been happening lately has really opened my eyes to the reality of the world we live in. Being a landlord now I feel that it is my responsibility to help build our communities and stop the hate. I’v...
Hello everyone a complete newbie here, and about to close on a property soon. I was wondering if anyone had any advice on keeping track on income, expenses, Net operating expenses, Net operating income. I've seen some...
Hi All. Has anyone purchased real estate from a non profit organization?
How difficult was it? Did the house have to be appraised? I'm assuming the board had to agree to the sale?
Hello BP,I am a relatively new investor. My wife and I own two SF rentals and our plan is to have 10. If we get there and we feel we can take in more then we will at that point! I am trying to stay organized and busin...
What bookkeeping software do you all recommend? We had been using stessa but have heard quickbooks is preferred by lots of people. Would love any insight as we are hoping to scale up and want to be proactive about boo...
Hi everyone! I just closed on my first duplex and I'm going through the process of organizing my money through spreadsheets. I have no previous experience with organizing money for an accountant like this and I'm gett...
I own 12 rentals at this time and always looking to add. I am looking for the best way to collect rent and keep everything organized. Thought about mailing, but then the tenants say they mail it and I don't receive...
How would you respond to a request to use your rental for a fundraiser? I don't feel like it would really benefit me to do this. My name on a banner probably wouldn't get much attention. Our rentals are in Branson,...
My partners and I were just given a W-9 by the organization that pays our tenants rent. We have a DBA and an EIN however we have not officially formed the Partnership and filed paperwork with the state (Maryland). We ...