Author Topic: Real Estate Business  (Read 25379 times)

Offline bubkiz

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Re: Real Estate Business
« Reply #40 on: April 30, 2017, 09:33:06 AM »
Any Hard Money Lender recommendations? Deal consists of turnkey single family rentals.

Please PM.

Offline good sam

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Re: Real Estate Business
« Reply #41 on: April 30, 2017, 09:37:02 AM »
Any Hard Money Lender recommendations? Deal consists of turnkey single family rentals.

Please PM.
Loan amount?
If you don't care why would you comment?
HT: DMYD

Offline ad120

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Re: Real Estate Business
« Reply #42 on: May 03, 2017, 01:24:13 AM »
Any of y'all have any leads for a field manager position anywhere in the US but South Jersey/Philadelphia?

Offline Let3

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Re: Real Estate Business
« Reply #43 on: May 03, 2017, 07:38:38 PM »
Looking for an entry level job in real estate management/development.
Would really prefer one that has opportunity to grow within the company as I learn more about the business.
Earned an MBA last year from bar Ilan university (in Israel) and in the process of moving to NY.
Any leads are really appreciated!
Tia

Offline mendy from lakewood

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Re: Real Estate Business
« Reply #44 on: May 09, 2017, 11:24:34 AM »
anyone know of a good program/software for single family home rentals that deals with every aspect of the business?
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Offline Zalc

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Re: Real Estate Business
« Reply #45 on: May 09, 2017, 11:33:54 AM »
anyone know of a good program/software for single family home rentals that deals with every aspect of the business?
Buildium is pretty good for smaller properties, as is Appfolio.

Offline mendy from lakewood

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Re: Real Estate Business
« Reply #46 on: May 16, 2017, 11:49:49 AM »
Anyone use payyourrent.com for online payments for tenants? If not can anyone recommend something else that works with only 2 rentals?
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Offline mendy from lakewood

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Re: Real Estate Business
« Reply #47 on: May 17, 2017, 11:07:25 AM »
Anyone use payyourrent.com for online payments for tenants? If not can anyone recommend something else that works with only 2 rentals?
bump
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Online whacked1

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Re: Real Estate Business
« Reply #48 on: May 17, 2017, 07:10:57 PM »
clickpay.com

Not sure if theres a minimum

Offline jackofall

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Re: Real Estate Business
« Reply #49 on: May 26, 2017, 02:11:10 PM »
Property management company. Looking to hire an operations manager. Must have prior property management experience.
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.

Offline @Yehuda

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Re: Real Estate Business
« Reply #50 on: May 26, 2017, 02:58:40 PM »
Property management company. Looking to hire an operations manager. Must have prior property management experience.
More info: Location? Travel needed?

Offline jackofall

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Re: Real Estate Business
« Reply #51 on: May 26, 2017, 03:05:46 PM »
More info: Location? Travel needed?
Please PM. Lakewood. Some travel.
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.

Offline @Yehuda

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Re: Real Estate Business
« Reply #52 on: May 26, 2017, 03:15:07 PM »
Please PM. Lakewood. Some travel.
Sheesh, OOT.  ::)

Online whacked1

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Re: Real Estate Business
« Reply #53 on: May 26, 2017, 05:38:23 PM »
Property management company. Looking to hire an operations manager. Must have prior property management experience.
+1 North Jersey

Offline churnbabychurn

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Re: Real Estate Business
« Reply #54 on: July 03, 2017, 10:19:09 PM »
Real estate accounting question:

Using rent manager.. doesn't have any obvious place to input property values, mortgage owed liability, depreciation etc (not much of an accounting software, more rent collection operations.. ).

Anyway, practically, if property purchase was 1mm, mortgage was 850k, and a whole slew of debits and credits on the HUD...

What are the JE?

debit asset 1m, credit mortgage p, 850, credit cash for down payment, .
- what's w the rest - appraisals, legal, broker etc? The cash deducted upfront.. how to book?

Offline jackofall

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Re: Real Estate Business
« Reply #55 on: July 03, 2017, 10:24:43 PM »
Real estate accounting question:

Using rent manager.. doesn't have any obvious place to input property values, mortgage owed liability, depreciation etc (not much of an accounting software, more rent collection operations.. ).

Anyway, practically, if property purchase was 1mm, mortgage was 850k, and a whole slew of debits and credits on the HUD...

What are the JE?

debit asset 1m, credit mortgage p, 850, credit cash for down payment, .
- what's w the rest - appraisals, legal, broker etc? The cash deducted upfront.. how to book?
I can send you a HUD and corresponding JE as a guide. General rule is book all the expenses to either the loan closing costs or building closing costs (amortized differently). Next prepayments are either operating exp or interest. All you should be left with is cash and escrows.
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Offline churnbabychurn

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Re: Real Estate Business
« Reply #56 on: July 03, 2017, 10:34:34 PM »
I can send you a HUD and corresponding JE as a guide. General rule is book all the expenses to either the loan closing costs or building closing costs (amortized differently). Next prepayments are either operating exp or interest. All you should be left with is cash and escrows.
Please.. pm sent

Offline precise

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Re: Real Estate Business
« Reply #57 on: July 03, 2017, 10:46:31 PM »
Real estate accounting question:

Using rent manager.. doesn't have any obvious place to input property values, mortgage owed liability, depreciation etc (not much of an accounting software, more rent collection
Why do you say so? I've been using rent manager for quite awhile and if anything I would say the accounting part is probably much better than the other real estate softwares out there. Very similar to QB. What exactly are you missing?

Offline churnbabychurn

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Re: Real Estate Business
« Reply #58 on: July 03, 2017, 10:51:10 PM »
Why do you say so? I've been using rent manager for quite awhile and if anything I would say the accounting part is probably much better than the other real estate softwares out there. Very similar to QB. What exactly are you missing?
Honestly I've only poked around for a couple of hours..

But for eg, is there a place to book depreciation or is this all a manual calculation and je? - I would think that a re accounting software would have an automatic system that u can set up.. like QB..
Also, grouping multiple properties into one LLC w multiple members doesn't seem easily done.. etc

I haven't used any other re accounting software so I can't properly judge yet..

Offline jackofall

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Re: Real Estate Business
« Reply #59 on: July 03, 2017, 11:50:25 PM »
Honestly I've only poked around for a couple of hours..

But for eg, is there a place to book depreciation or is this all a manual calculation and je? - I would think that a re accounting software would have an automatic system that u can set up.. like QB..
Also, grouping multiple properties into one LLC w multiple members doesn't seem easily done.. etc

I haven't used any other re accounting software so I can't properly judge yet..
Don't know anything about rentmanager. But no RE software that I know of will calc your dep etc. you should've able to setup recurring JEs.
If you focus on being a boss, you will never be a leader. Leaders lead people to growth and improvement.