Mike Strodtman
Do you need a Resident Manager for a 14 unit building
Looking at a 14 unit building and they presently have a Resident Manager and a property manager. The property management company pays the Resident Manager to vacuum the halls along with general clean up of the proper...
Marriene Boyles
Has Anyone Done Business With Invictus Cashflow?
Hi everyone! Just wondering if anyone had some working knowledge with Invictus Cashflow? Any feedback would be greatly appreciated. Thanks!
John Franczyk
Rental Income vs. Operating Expenses: Long-Term Projections
I'm running different scenarios with the BP rental calculator for a 4-flat that I'm considering purchasing in southeastern Wisconsin. The building is in good shape and is fully-rented, but it is older (80+ years) and ...
Sean Casey
New member from Kansas City, Missouri
My name is Sean Casey and I'm from Kansas City. I discovered this website while researching everything I could think of in real estate and the getting started process. I'm currently an employee at a company called Sys...
Dana R.
Deducting Security Deposit for non- broken Blinds?
The tenant that moved out had a baby and I guess they must have tried to baby proof the home. I understand that that dangling cords are a concern, but what they did to the cord blinds was ridiculous:They knotted and t...
Kelly Sanchez
website to find deals
Hello, has anyone ever used the website myhousedeals.com to find properties? If so, do you find that the number in the listing are pretty accurate? (they often post Est. ARV and Est. Repairs, with a profit potential ...
Jeff Sealey
Company renting SFR
I have a SFR in Memphis, TN. a potential renter called about the property and advised that the company they work for, which is out of state, will be paying the rent. So, my questions are - do I and can I run a backg...
Austin Latty
New LLC Questions
Hello BP,I am a new investor and just recently went under contract for my first flip property. I set up an LLC, and it will be buying the property. I also just opened up a business bank account. I have about 35k in...
Kate L.
4 years in and still having a hard time with this one
Hi there, I'm trying to figure out who gets a 1099. This past year, we did 35K worth of windows with a contractor. 1099? 5K worth of paint with a handyman. 1099? 5K worth of paint with a professional painter. 1099? Cl...
Glenn Hoffman
Stessa Expense Management Software
Hi all, I'm currently managing under 10 units and am using Cozy for rent collection. While Cozy does a great job for collection, the expense management piece is lacking. It's possible this may get improved as Cozy i...