Hi Mandy! Is there any way to get a copy of a blank excel spreadsheet that you use for expense management?

For my most recent house I used Avail.co for applications. I don't like it as much as I liked Cozy, but it was ok. As far as books go, I do like to read but honestly I haven't read many real estate books. Of course Rich Dad Poor Dad is a must read if you haven't read it already. I also really like The Millionaire Next Door and How to Win Friends and Influence People, but they aren't exactly real estate related. The Miracle Morning is also good if you want inspiration for being more productive. I tend to read a lot of self improvement type books and have a bit of a collection of survival/homesteading books, but I really should read more books on real estate investing/ property management.

He is The Fly!

Hi Paul, the whole idea of using a Rent Pmt Software is to have it automatically add on the late fee if the tenant gets behind more than a number of days that you determine. Tenants can also go on the App and see what their balance is that they owe to get caught up. A good app will also send out automatic emails & texts to the slug tenant to remind her that she is past due and liable to be evicted. A really good app will automatically send out the 7-Day Notice To Quit form to the tenant if he gets late by whatever number of days you determine. As a LL, you don't get what you hope for or expect....you get what you tolerate.

did you switch?

I would unless you know someone there that you could trust.

I only have one tenant who pays with check. I let new perspective tenants know that it is mandatory that they pay online before they sign the lease. For my tenant who pays with check, I don't worry about creating a bill because the rent is the same every month. If for some reason the amount changed each month, like if water was billed to you and then you bill it to the tenant, honestly I would just text them the amount they owe - maybe not the most professional but I think it's effective.

Not that I'm happy with. I used Avail to collect applications on my latest property, but I do not like their rent collection options. And it is very chunky to use two different programs. I will probably start looking into a paid option that does both the rent collection and applications.

That's odd, supposedly it should be giving you the TransUnion credit report. At least that's what the site claims.

Has it since been working? What are you using now for a background and credit check?

good question!

It does

I'm not sure, it must be flagging your listing as spam for some reason. I would try to contact their support team.

That would work. Have you since been suing this software?

@@ShyRage1 no, not yet but would like more info if you can provide it.

@@gloriafb46 Do you currently have a tenant? Are you using cozy or avil? No, I don't have such a list although it would be good. I can say that requiring them to have a credit score of 650 to start.

Yep, just checked and you are right! I read where it said, "for $29 you can apply to this and other participating rentals for up to 30 days" and made the assumption that it was unlimited.

@@ItsMandy All good. I think I made that same assumption because at some point I thought it was unlimited too and then saw it as 10 somewhere and was like hey wait what…anyways great content keep up the good work.

I have one like that and I let her mail a check each month.

Cozy asked for it if you collected over a certain amount in rent, but I think that amount was pretty high. However, the government has recently made much stricter requirements for reporting transactions to the IRS. I believe once you receive $600 through any payment processing software they are required to report it. This applies to paypal, venmo, and cashapp as well. I think technically the law goes into effect January 1st.

@@ItsMandy they increased it to $10,000 in the new spending bill..........but payment processors are still pegging it at $600 for some reason. it will also apply to all bank accounts too

I just feel like it’s an intrusion of privacy. And I understand that the only following rules that the government put forth. But it makes me question given the fact that it wasn’t always a requirement. I just want to choice that if the IRS need anything From me them direct them to me and I’ll direct them to my tax Lawyer and account.

@@jmason105 That's your gubment at work, always trying to find a way to pick more out of your pocket. Think about it when you vote.

Those sites either advertise to be free, but the catch is that it’s only free for the landlord and the tenant has to pay the $1 which I don’t think is right. Or they charge a base fee and then still charge for ACH transfers on top of that fee. If there wasn’t a free option, I would be fine with a base fee. It’s all the extra charges I don’t like.

I spray myself during turnovers and put out those sticky traps if I see anything. If the tenants report any pest issues, I hire a pest company to do a one time treatment of the house. But the last time I had anything reported was over a year ago and it was for mice. If I were having repeated issues with pests I would probably look into having a company come out regularly but so far no major issues. And I almost feel that I can treat any pests problems that come up just as well as a company can anyway.

@@ItsMandy Thanks so much for the quick reply. I just bought my first rental property and am fixing it up. Your channel is an inspiration!

@@ItsMandy If you have mice, you need to find the small hole/s they are getting in through. And it can be the roof, yes, through a dryer vent or AC line conduit, etc. Use copper wool (not rusting steel wool) to plug it.

Yes, eventually I will! I've had several requests for this. I will have to find some time to make a fake spreadsheet though as mine has a lot personal information in it.

@@ItsMandy I too would love to see how you manage/keep track of your income/expenses with Excel. I'm just getting started in RE investing and have so much to learn! 😊 I close on my first multi family in 1.5 weeks. 🥰

@@ItsMandy Hi Mandy, if you don't already know this , I think you'll find it useful: you can delete all numbers from a spreadsheet without changing any of the layout or functions you have in it. I would explain how to here, but it's probably easier to just google "how to delete just numbers in excel". I've done it several times so I could share my spreadsheets with others without giving them all my personal info that's typed in. Keep up the good videos!

@@ItsMandy If you save as and delete all the personal info on that Excel and shared on the time lapse section that would be greatly appreciate it. Love the videos and enthusiasm

Oh, that makes sense.

That pose, that outfit, in front of a WordPress style website? Absolutely

@@OtherDalfite I think they photoshopped half his hair away. They didn't do a good job with him, lol he does play a lot of scammy scuzzy roles.

🤣😂

Sure, but it's clearly a joke. Maybe she didn't recognize him.

She’s young and didn’t grow up watching his movies so…he kinda does.

Yes, if you trust your tenant that is probably a good option. My main issue with Zelle, Venmo, paypal, etc. is that the tenant can dispute the charges for up to six months. I think in cases of dispute, they almost always side with the customer and not whoever received the money. Plus I also think technically if you are doing business transactions there is a fee.