Eric Hathway
Tenant late fees go to owner or manager?
I was informed today by my property manager that he keeps all the late payments when tenants pay rent late. Is that the norm or should I contest this? I know it could probably go either way and depends on what is in t...
Julie Sisnroy
Specific LLC questions on Wyoming Holding Structure
After researching LLCs (the opinions vary as much as what kind of pizza is the best...so I don't want to rehash that), but I have decided to go with a WY holding LLC. Now, I need to create separate operating LLCs und...
Deano Vulcano
Do you always do a credit check?
I have hired a management company to screen prospective tenants for my apartments. But I just found out that they do not do credit checks. They said they do criminal record background checks, income verification, evic...
Rik Patel
Managing Rentals- Small issues , how to deal with it?
Hi Everyone!I just bought a new construction town-home last year for rent. I just had a new tenant call me saying the wall needs small touchups for paint along with some other small tasks. I have a property manager th...
Tom Lafferty
Determining multifamily expenses/deal sponsors
I was discussing multifamily expenses via email with another BP member recently that was asking some good questions. I asked him if I could post the conversation on BP since there are frequently questions asked on BP...
Jason Malabute
got property under contract and setting up llc
Hi guys,I finally have my first rental property under contract. As long as the inspection goes good on Monday I will have my first rental property. I'm so excited.Questions:1. When should I start setting up LLC to put...
Kelly Byrd
Why accounting software?
Not sure if this is the right forum for this, please move the thread if it belongs somewhere else.I'm very computer literate and I'm comfortable putting in the time and learning new programs. I've been a Quicken user ...
Nancy Wang
How hard is it to do a long distance fixer upper?
Hi BP,My turnkey long distance investment in Memphis TN went okay until the tenant stopped paying her rent last August.The PM evicted the tenant last December (several months of non payment). I had to pay $5500 rehab ...
Hector Perez
Pay Structure for Full time Property Manager/Coordinator
I have read several post with great comments but those dated back 5 to 7 years ago, so I was wondering if I can get updated informationI am planning to hire a project manager full time (W2) so what are the recommended...
Lamart Gomillion
Newbie Investor - Investment Plan - Please Help - SOS
Hello All,
I am new to the RE world, but have been tracking Biggerpockets forums for some time now. I am here to draw out a plan, and would like you know what you Ladies & gentlemen think. My plan is only for Mul...