All Forum Posts by: Todd Merry

I'm looking to purchase either Quickbooks Premier or Quicken Home and Business to keep track of my rentals. I have only five units, but hope to have more in the future. Any advice?

Thanks.

Thanks for the feedback. Sounds like it may not be as bad as I feared.

I just closed on a fourplex and have a vacancy. I did the standard new paint and flooring, but not the full remodel which it kind of needs. After 1.5 weeks, the only bite I have is from a couple who are Section 8 through the Indian Tribe. I've heard Section 8 is good for collecting your rent, but I wonder about the rifraf that comes with it. I was hoping to improve the image of the building and wonder if taking them on as tenants may do the opposite. I really don't mean to be stereotyping them, I've just never worked with section 8 before. Any recommendations?

I'm new here and really like this site. All this talk about property managers makes me wonder. How many of you used property managers? I've heard their rates are usually 5-10%. I handle one SFR right now, but am looking into multi-families. How much of the burden to property managers really take off the owner?

Thanks,
Todd

I have one rental and am looking into the multi-family arena. One of my concerns about borrowing more money is all the news I hear about banks going through hard times and what the future may hold. I just heard that IndyMac borrowed 1/10th of the money in FDIC, and they aren't even one of the 90 that the FDIC is really worried about (still trying to verify all this). What could this mean for borrowers? Could we see the calling of loans as they had during the depression?

Don't mean to sound so gloom and doom,
Todd