Pat Bahn
Has anyone analyzed the balance sheet of Equity Trust Company?
I'm not much of an accountant, not like a real CPA but, i was wondering, I went and looked at opening an account at Equity trust company www.trustetc.com. SO as part of due diligence, I asked them for documentation a...
Kate Moreland
Bank accounts - per unit or per property?
Evening all :) We just got our second duplex under contract this morning, so I'm starting the to-do list of what needs to happen before we move in (house hacking again). I know a lot of people recommend having a sep...
Shannon McLeod
Water Shut Off List: Does It Exist in Des Moines?
I'm a wholesaler here in DM and I tried to call the water company to get a list of properties that have their water shut off. I was told flat out they do not carry that information, but I'm skeptical and don't quite b...
Corey Duran
Suggestions for custom income/expense accounts for accounting software
Most software (I use Buildium) comes with standard income/expense accounts. Are there any custom accounts or subcategories you would recommend for write-off purposes or just a general overview of a property at the end...
Joe Latson
Complete Guide to Creating a Scope of Work
A Scope of Work (SOW) is a description of planned property renovations, with the primary components being a line item budget and a construction schedule. A detailed SOW is important for nearly every type of value-add ...
Freeman Schultz
Lender requiring customer to open a checking account
Is it a common practice for banks or lenders requiring customers who take out mortgages to open checking accounts at their bank?
There is a bank that I heard about that requires their customers to open checking accou...
Chris L.
Is is necessary to use an attorney for refinancing in NC?
Getting ready to refinance and may use existing lender-Wells Fargo. Is it necessary and wise to use an attorney for refinancing?
This is our first time refinancing and Wells Fargo is telling us it’s not necessary bu...
Petra M.
Claim energy rebate for replacing HVAC unit?
I'm replacing an HVAC unit in one of my rentals and want to get the energy rebate. My local utility requires the following: Active Energy Customer Account NumberTax Assessor Property IDAny ideas how a landlord can fi...
Rick Alvi
First House/Live In for under 90k?
Hey ya'll, I'm saving for my first house (I'm tired of living in apartments for the last 4 years). I'm 27 and self-employed. I live frugally and I'm starting to research houses from $65-90k (70-75k would make me reall...
Scott McManus
American Pension Services, APS goes into Receivership
self-directed IRA custodian American pension services, AKA APS, went into receivership in April 2014. Over 1000 of us account holders have had our accounts frozen and face 10% lean on the account to cover a ponzu sche...