All Forum Posts by: Sylvia Herman

Hi everyone,

I am trying to decide what to use to keep track of finances for my rental house.

Any advise will be very much appreciated.

Thanks.

Sylvia

John, 

Yes, this is a short term rental property. Please give the attorney's info.

Thank you so much, I really appreciate your help.

Previous owner had a property manager that we continue talking to. The house has several bookings in the months to come. I am a little overwhelmed and try to understand this business. I am an engineer with the only experience in real estate being the house we have in Atlanta, Georgia. 

I have friends who invested in real estate and I think I would really love doing it full time. 

What would be the steps to start doing it? I understand from Chris (answer above) that is easy to open a business. Someone adviced that it should be LLC. Where do I find info about it? Until then, is there a software you recommend to track expenses? How do we manage the manager?

We bought the house a couple of weeks ago and we met the manager once. We kind of kept going from previous owner, but I will need to dive into it in January when we go back. Everything seems a little scary:-(

Thank you everyone for your responses. 

Sylvia

Hi,  we  live In Georgia and  we bought a house in Orlando area,  Florida.  The house will rent and we are investigating opening a business. How could we do that? My husband and I are both full time employed. Thanks.