Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

87
Posts
66
Votes
Ryan Riches
  • Real Estate Broker
  • Denver, CO
66
Votes |
87
Posts

How do you track expenses for a new LLC?

Ryan Riches
  • Real Estate Broker
  • Denver, CO
Posted

My wife and I recently closed on our second property. We purchased a house in 2017, lived there for a year, then purchased another house that we are owner occupying while house hacking through STR and renting out our other house at the same time. On top of that, we have had several people approach us about managing their STR in the area while they are traveling for the summer. We also started an LLC that all of the income will go through for these properties.

My question is, what would you recommend for expense tracking for our new business? We want to make sure that we are setting ourselves up well come tax time next year. I have heard about Stessa through the BP podcast and am aware of QuickBooks. I am trying to figure out what the best system is for our situation. 

Thanks in advance!

Loading replies...