All Forum Posts by: Shannon Brill

Hello BP!  I currently own a duplex and have a question regarding using RUBS for gas usage.  RUBS is already in place for water, but here's the issue with gas -- both units use gas heat (equal sqft), however only one unit has a gas range/stove (the other unit has electric).  How to you equitably charge the tenants for seasonal usage (high in winter/low in summer) and when there's unequal gas appliances between the units?  I'm unable to come up with a solid solution here (adding a separate gas meter is too expensive.)  I'm hoping that I'm not the only one that's encountered this. TIA!

Hello BP!  I currently own a duplex and have a question regarding using RUBS for gas usage.  This formula is already in place for water, but here's the issue with gas -- both units use gas heat, however only one unit has a gas range/stove (the other unit has electric).  How to you properly charge the tenants seasonal usage (high in winter/low in summer) and when there's not equal gas appliances between the units?  I'm unable to come up with a solid solution here (adding a separate gas meter is too expensive.) I'm hoping that I'm not the only one that's encountered this.  TIA!

Hi BP members!  Can anyone recommend a Property Managment company in Huntsville, AL that's professional and gets tasks done? TIA!  

Hi BP members!

I've recently been introduced to the Profit First for Real Estate Investing methodology and I'm excited to implement it! HOWEVER...I've always been told that I need to have separate checking/saving accounts for each rental property LLC to keep from commingling the accounts.. PF recommends if I have several LLCs that are similar businesses (i.e. buy and hold rentals) I can use the same accounts (Income, Profit, Owner's Comp, Owner's Tax, OpEx, etc.) for the LLCs in order to see the overall health of my rentals. Great!!! That's what I need, butttt here are my questions:

Would this become an issue if a tenant decides to sue? 

Do I just need to make sure I have a solid system to accurately track income and expenses for each LLC now that they are financially lumped together?

I'm also leaning toward utilizing Relay Financial in setting up the PF accounts.  Any pros/cons with this online bank?

Thank you in advance!!!  ~ Shannon

Thanks Mike!

Highly recommend Ted Colna with Zukerman & Assoc as well!

Hello BPers, I'm in need of recommendations for a General Contractor for an interior renovation on a rental in Huntsville, AL.  Go!!! :) TIA!