Quick question: How are you coming up with security deposit prices for your units ? are you charging a certain percentage ? half of the rent ? or same as 1 month rent ? Also, what about late fee ?

Here are the different software packages I am using for Co-living. https://www.youtube.com/watch?v=Gj6iIsOnQA0

Man - I have been looking and couldn't find much for my Buy Box in the last 5 mo. Then today I found the ugly duckling that is perfect. It is in Chandler and listed @ $475k. It needs work, the pictures are horrible and does not look good to retail buyers. I am drafting up an offer for $445k with $15k concessions. I am not going to aggressive because the house is worth more due to its location, lot size and sq ft. I can't get it up and running before the end of the year for tax purposes realistically, so not going to rush it. I think it will be on market for a while. Always, the way. Finding a good one at the wrong time, but if I get it I will be stoked. $90k down and easily $35k in reno but my numbers say it has the potential to be my best performer yet.

Hello @everyone, I'm reaching out for opinions & thoughts (trying not to make any unnecessary/careless mistakes). Looking to purchase my next property soon but, I still have work to do in the basement (about $2500-$3500). I have reserves and access to a HELOC as well as a small savings. I want to start doing better in terms of systems & making better choices, where should I spend the money from to finish the basement and get it ready for rent ??? Thanks In Advance Happy holidays to EVERYONE !!!

I tried for 2 years now to work with bookkeepers. After 4 keepers I decided to do it myself in April of this year. I am glad I did. I know my numbers well and have learned a lot. I am going to consolidate my credit cards to make my life easier starting Jan 1st 2026. On the flip side back in May of '25 I started separate bank accounts for each property. It is a little bit of overhead at first, but now the bookkeeping is so much more organized and efficient. No more hunting through memo's or staring at statements to see what came from where. Everything is organized the minute it is funded or deposited. For me it is the best way to go! I also paid for the next tier up with Quickbooks Online for a few features like adding classes. I created a class for each property. I also can break out my Padsplit properties separately so I can see just how they are doing on their own.