Hi Mike,

Hope you had a nice Christmas.

Two quick questions.

1) Loans – Land Contract. (Contract for Deed)

Which accounts are used?

I created a new item (Loan Payment under Other Charge) and (Account   Uncategorized Income)  or  do I just use Rent like we do for tenants.

2) Statements Email & Print

Most of my tenants have a email, but several do not. 

When I try to email all statements it will not allow me to go forward without having all of them with a email.

If you have to do it separately what is your procedure?

I sure want to save the postage.


Respectfully,
 
Mark Mullet
Your Real Estate Consultant For Life

ANSWER:

Merry Christmas and Happy Holidays Mark

2 Great Questions

ANSWER #1:

1) Loans – Land Contract. (Contract for Deed)

Which accounts are used? 

Question for Mark: What Kind of an Account, (the 4 Basic Accounts as shown in your training video) is a Land Contract when you are selling?

it goes on your Asset Wall in your Post Office

and label it “BorrowerName,etc”

I created a new item (Loan Payment under Other Charge) and (Account   Uncategorized Income)  or  do I just use Rent like we do for tenants.

the item already exists. it is called “Income Interest”

2) Statements Email & Print

Most of my tenants have a email, but several do not. 

same with me Mark

When I try to email all statements it will not allow me to go forward without having all of them with a email.

Please slow down and re-read your question. Why in the world would you want to email all of statements to all tenants?

If you have to do it separately what is your procedure?

First of all, I am still old school and we physically print a monthly statement for each tenant, include a newsletter, a #9 self addressed envelope, and mail to each tenant on the 20th of each month.

Whenever we do begin to email statements, they will be done one at a time.

I sure want to save the postage.

Good point Mark, typical of most landlords.  Loosen up and pay for the postage. It is worth it’s weight in gold.

ALSO, I highly recommend you set some minutes aside to view the on demand training videos.