Tripp Warren
Types of Bank Accounts for revenues?
Hi all, I'm getting ready to go live with my very first rental. I want to set up a separate bank account to have rents deposited into. My question is; should I have multiple accounts to split rent revenues? What i me...
Fernando Gomez
Office/Medical Space Profit Analysis Help
Hello BP family!I am thinking about getting into Commercial Real Estate in Texas. This is completely new for me. I am looking at an office/medical space that according to the agent could rent from $20.00/SF gross to $...
Kim Hopkins
Monthly Asset Management Review Process
Hello!
We have scaled to over 300k SF and 11 properties in 5 states, half of which are multi tenant. We use third party local property managers for all the multi-tenant, but otherwise it's just the two of us! I'm loo...
Alan Asriants
Amenities that can boost your rental income👇
💭As a landlord, providing the best amenities can increase your rental income and make your property stand out in the market.
💡Here are some amenities that tenants love and are willing to pay extra for:
1️⃣ Central a...
Sami Gren
About to close and found oil tank issues
Hi, I was about to close and we discovered an oil tank we removed it and it has holes.Now we are waiting to get the results from the New Jersey lab to see if there is any soil problem, I am having issues because my r...
Arjun K.
LED light bulbs
I am thinking of swapping out incandescents for LED in all my units on a forward basis.
Anyone see the new CREE "LED Light Bulb"? $10/pop? screw in like incandescent. Seem... cool. Worth it from a hassle persp...
Alvin Price
Private Lender Agreement Template
Happy Friday BP-ers!I have a relative who has offered to partner with me on future projects by being my private lender in return for 30% of the profits after the property has sold. I want to ensure that both he and I ...
Seth Alexanderowicz
Medium term Heath care worker
Hey guys recently picked up a single family house that had a 700sq foot in-law appt. I have finally got everything approved to be a legal ADU with separate addresses. And Separate utility’s. Now my first thought was t...
Jake Thompson
Bookkeeping While House Hacking Plus Book Recommendations
How would you recommend keeping the books for a property you are house hacking, aka living in one unit renting out the other? I have a separate bank account which I collect rent from my tenants and then I deposit my p...
Brandon Y.
Finance structures for a duplex in Massachussets
Hello,
I am in Massachusetts and I am in the process of closing a duplex with tenants in each unit. I would like to know what is the best way to structure the finances for the properties. These properties are going t...