Tag Archives: Residential Property Management

Why You Should Check References When Choosing a Maintenance Contractor

Posted on February 6, 2010 by Alex Bhaswara

Maintenance is an important area, particularly if you’re new in the business. This is an area where I see a lot of mistakes being made by investors. I spend a lot of our time in our property management business time … Continue reading →

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Learn the One Secret You Must Know to Prevent Being Burned by Maintenance Contractors

Posted on February 6, 2010 by Alex Bhaswara

One of the things you’re going to learn is always make sure you are behind the contractor in the amount of work. Let’s say the contractor does a $1,000 repair. What I suggest is that you only give that contract … Continue reading →

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Residential Property Management – Tax Account Tips and Strategies

Posted on February 6, 2010 by Alex Bhaswara

Tax accounting We’re going to talk about that real quick. We talked already about cash or accrual. You have to pick one and go with it. If you file an individual tax return and you own the properties in your … Continue reading →

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Residential Property Management – How to Strengthen Your Lease Agreement With Addendums

Posted on February 5, 2010 by Alex Bhaswara

Section 32 provides all the attachments. Then there’s the signature area. You date and sign it. All parties must sign the lease. If you have three tenants, all three tenants sign. You don’t want to get into an argument with … Continue reading →

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Residential Property Management – How to Handle Your Cash and Keep Accurate Accounting Records

Posted on February 5, 2010 by Alex Bhaswara

We are going to talk about financial reporting or how to handle your cash, keep accurate accounting records, and tax issues. Financial Reporting The whole accounting issue is an important area. It’s one that if you make some mistakes it … Continue reading →

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Residential Property Management – How to Set Up a Chart of Accounts

Posted on February 5, 2010 by Alex Bhaswara

We have several balance sheet accounts. We have assets, cash, receivables – rent that’s not been paid but is due – supplies, pre-paid rent, the value of your building less accumulated depreciation, and then you have equipment. There are some … Continue reading →

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