A question for rental property owners: How are you currently keeping track of your property income, expenses, receipts, repairs, vendor invoices and other records throughout the year? Do you: Keep everything in spreadsheets? Use accounting/property-management software? Give everything to your acc...
Fellow landlords — I'm researching how people actually document property condition at turnover. My working question: has anyone here ever lost money on a deposit deduction (or chosen not to deduct) because their move-in photos weren't organized or convincing enough? What do you use today — phone ...
For those managing rentals themselves: How do you keep track of tenant requests when they come through different channels? Text messages, phone calls, emails, maintenance apps, etc. can make it easy for something to get buried. Do you use: A property management platform A dedicated email/phone nu...
For investors with multiple rental properties: As your portfolio grows, what becomes hardest to keep organized? Vendor invoices Receipts Maintenance records Lease documents Tenant communication Property photos Insurance/COI documents Rent and expense records Inspection records I'm especially inte...
For rental property owners, how are you keeping your income and expenses organized throughout the year so tax season doesn't become a scramble? Do you: Keep everything in spreadsheets Use QuickBooks or other accounting software Have a bookkeeper handle it Send everything to your accountant at tax...
For landlords and real estate investors who manage their own rentals, I'm curious: What part of self-management takes the most time for you? Is it: Tenant communication Maintenance requests Finding and coordinating vendors Keeping property records organized Rent/expense tracking Following up on r...
I got back from BPCON last week, and the useful part of a conference is never the part on the slides. It is the hallway. So rather than a recap, here are three mechanics on the voucher side that keep costing owners real money. One of them I had wrong myself and corrected on this forum last week. ...
The tenant paid half the rent and struggles with payments in general, evict and sell the house? The tenant had sec 8 voucher for 2 k, now sec 8 pays $500 only... The tenant cant afford the house. House is in Florida, near Cape Canaveral May sell for 350k, mortgage 2k The rent is 2.5K Interest rat...
Memphis operator since 2003, few hundred doors, majority Section 8, own crews and own management. This one is time-sensitive and it's the kind of money that gets left on the table quietly, so I'd rather post it now than write something cleverer next month. WHAT HAPPENED HUD published the FY2027 f...
When evaluating a rental property for potential DSCR financing, what numbers do you focus on first? Do you start with projected rent, operating expenses, debt service, or the overall cash-flow picture? How do you approach the initial analysis?
how can you change from management company when your previous management person doesn't answer your texts and phone calls to at least let them know you don't want to work with them anymore . can you do it by just sending them a notification that you're no longer working with them? . this is one o...
Hey BP Community, I’ve been following the discussions here for a while and wanted to officially introduce myself. My path into property management started with a legal background. While practicing law, I saw firsthand how quickly a small oversight in a lease, a delayed maintenance request, or an ...
Hello, I am a newer landlord and have a tenant in place on a two year lease with one year just about finished. They just asked if they could get a pet. Our lease in place allows no pets in the unit. Obviously this would require a modification and potentially a fee. Has anybody experienced a pet a...
For investors who have started building a rental portfolio, I'm curious about something. At what point did you realize you couldn't comfortably handle everything yourself anymore? Was it after: Buying your 2nd or 3rd property? Getting more tenants? Having multiple maintenance issues at once? Spen...
Hi All, I have a couple rental properties in Arizona and Cleveland Ohio. I just moved to Columbus, looking to network with local folks. I'm considering a 1031 exchange to buy a rental in property in Columbus.
I own one rental and use a property manager. On the last big repair I couldn't tell which line items were fair and which were padded, and the percentage-of-project fee made it worse. Trying to find out whether that's just me. Eight questions, anonymous, two minutes: https://docs.google.com/forms/...
Question for Delray / Boynton landlords - I noticed 1124 Anchor PT, 650 Anchor P area many owners bought 2014-2015 for $350k-$385k now worth $1M+ but still renting. For long-term holders, at what point do you cash out vs keep dealing with tenants/ HOA? Curious what you did when equity hit $600k+?...
Real Estate Investor & Operator — Here to Learn From Other Owners Hello BiggerPockets community! I’m Sonia, and I’ve spent much of my career in real estate, property management, leasing, operations, and investment strategy. One area I’m especially interested in right now is the part of real estat...
Hey guys and gals, hoping for some advice on how you manage our water utility bills. We own two duplexes and currently our renters pay all utilities except water. When we first got into real estate a local investor told us to always keep water in our name because it was a bigger issue if it gets ...
When analyzing a potential rental, what's the first number you look at? Purchase price? Rent? Taxes? Cash flow? Debt service? Something else? I'm curious whether experienced investors have developed a consistent order for evaluating a property.
As a mediator who works with landlords and tenants I can tell you that the majority of security deposit disputes I see could have been prevented with three simple steps. Most tenants do not get their full deposit back. And most of the time it is not because the landlord is being unfair, it is bec...
Hi all, First let me say I have been following BP since the beginning. I am a Realtor in Florida. Due to spouses’ job, we rent an apartment in Miami. I know the situation is illegal and quite serious but I am looking for advice as to how to move forward. Management co uses the Bilt app. We can ac...
The most expensive part of a Baltimore rental isn't the rent you lose. It's the turnover between tenants. Landlords budget for a week of paint. Then the walkthrough happens and the week becomes six. **Budget the trash-out before you touch anything else.** A standard 2BR rowhouse trash-out — furni...
Curious how everyone's managing multiple properties & what system you're using, & actually enjoy using. I self-manage a few right now and it all lives in an Excel sheet I built myself. It works fine, but I'm manually entering everything, which is getting old. What I'd love is something that holds...
Every car looks good when it's new. Every guitar is shiny hanging on the wall in the store. Every new TV looks spectacular when somebody first plugs it in. I'm much more interested in what happens later. Does the car still start every morning at 100,000 miles? Does the guitar stay in tune, or doe...