All Forum Posts by: Brandon Ingegneri

Replacing a boiler at 5am.  No bueno!

https://www.snhu.edu/tuition-and-financial-aid/tui...

Take a peek

Congratulations on getting into the game Josh. 

I just ran the numbers with his undergraduate degree as a search.  The CHEAPEST school in his subject field is Southern New Hampshire University.  Tuition, housing, etc for an undergrad is between $41,000-$46,000 per year according to their website for the 2017-2018 school year.  Lets be generous and say that he is getting $20,000 a year in financial aid as a hypothetical.  We are still talking between $84,000 and $104,000 for a bachelor's degree. 

@Nicole A.  College is easily $30,000-$40,000 a year.  It can absolutely cost someone a $100,000. 

Hi everyone.  I am in need of a little advice, or at least some options for a more comprehensive software.  This is 100% the area where my skill set is behind the curve.  Let me lay the ground work out.

I own 2 separate LLC's. One LLC encompasses all of my real estate holdings. I utilize Quickbooks Online to manage that portfolio. Monthly rental invoicing to tenants, depreciation, mortgages, etc. I personally use the more basic features of it, namely invoicing and coding synched bank and credit card transactions.

I have a separate LLC that deals with construction and property management. I have a separate Quickbooks Online account for this business. Again, transactions are coded to Property Management or Construction. Recurring rent invoices are billed to tenants. Monthly invoices are billed to owners.

Lastly, I use a web based software called Joist.  This is mainly for non property management related construction only projects.  This allows me to keep my Const and PM Quickbooks account less cluttered with customers and allows a streamlined account for our ongoing customers and tenants.  Joist does synch with Quickbooks Online.  

Employee hours.  Right now, my partner and I manage the guys based on a 40 hour work week, and they keep individual notes on worksheets with what hours are associated with each job, service call, etc in the property management field.  In the construction field, they are spending entire days, weeks, etc on a particular job, so this is less of an issue.  

Here is my question. Is there a comprehensive software out there that will allow me to encompass everything mentioned above in addition to real time knowledge of completion of jobs/tasks, logging of hours for specific employees on specific jobs and payroll, billing, crm, customer feedback, quoting, and recurring rental invoices? If so, is there a way to further separate my two LLC's within that software or will I need to have separate accounts.

In addition to Quickbooks and Joist, I know people have mentioned Freshbooks, Appfolio, Buildium, Basecamp, etc.  Like I previously said, I am definitely not the best when it comes to tech stuff, so any feedback out there would really be appreciated.  Furthermore, any insight into the feedback that you provide would be even more appreciated.  One web based software that looks promising is Jobber.  It is designed for a service based business, but I can't tell if it will encompass everything that I am going to need or even everything that the accountant will need that I know Quickbooks does offer. 

To be blunt, Quickbooks really is a pain in the a** and I need a more user friendly platform.  Thanks in advance for your feedback.  If anyone needs to ask further questions to better answer my questions, please feel free to ask. 

Im sorry to hear this. When you say Mount Hope, are you referring to the Camp Street neighborhood?  If so, it is a transitional neighborhood. It really is street by street as far as what you are getting.  Its one of those areas where you need to be very familiar with the area and the subsections of the city to know the "boundaries" within the neighborhood.  

Having said that, do you have a month to month lease, a one year lease, etc?  If it is a month to month, I would send out the termination of tenancy.  Give them the 30 day notice, and have them out prior to 12/1. That is your best case scenario.  The other issues that you are mentioning can be handled to varying extents depending on the language in your lease.  If you have language addressing certain issues, it will make life much easier.  If not, your going to have to go down there and lay the law down with these people if you don't have a management company doing it for you already.  

If you have a year lease, breaking it for reasons other than nonpayment can be done, but it makes it much better with solid, consistent documentation, and documentation of clear lease violations with written notices given to tenants.  The more of a paper trail, the better.  The current judge sitting on these cases in Providence right now is pretty liberal, and it is generally an uphill battle unless you have a comprehensive argument to present and a solid attorney presenting it.  

The only other option would be to incentivize their move.  If you'd like to discuss further, or need assistance, please let me know.  Im very active in the area, and taking a nonperforming property and making it a valuable asset is something that I have done a number of times for other owners and my properties alike upon purchase and inheriting tenants. 

I would have a reduced rental price before including utilities. If your property is “less desirable” the only way to really overcome it is with exceptional customer service and value. Market rent for A won’t work out we’ll if your actually selling B. 

I purchased a truck through my business and was able to write it off. If the truck is over a certain gvw, you are able to write off the entire purchase amount also. An accountant should be able to give you the specifics, but the long and short of it is yes if it is done properly 

Thank you everyone. I’m glad that the majority of you are grasping my point with this. Clearly, I say things bluntly and in an unapologetic manner. Ruffles some feathers at times, but generally very beneficial as to not leave people guessing. As far as the profanity filterers out there or people staying that money isn’t everything. Hey I get it. Everyone has their style and I’ll be respectful of yours. You may just not agree with mine, and that is okay. Andrew Dice Clay and Joel Olstein both have their Kool-Aid that people drink, and not everyone is going to drink mine. No worries. Money not being everything. 2 sides of the coin. Yes. Money is not the end all be all. It doesn’t solve every problem or guarantee happiness. However, I did grow up, we’ll use the term modestly. I can tell you from experience that whoever said money isn’t everything was a guy who didn’t have it. Again, does it solve all problems? No. You can bet your *** it solves 85% of them though. Someone stated a mentioned a little earlier in the thread about the quality of tenants. I 100% agree. It is all about having great tenants. Know their names, take accountability of their issues, be available, and be attentive. Real estate is anything but the business of real estate. It is 75% a people business and 25% about the physical real estate. The sooner you realize that, the more successful you will be in whatever manner you use to keep score.