Tracking hours for Real Estate Professional Status

[Hassan Kareem]

I am a fairly new investor with a small portfolio. I have done my research and next year (2025) will qualify for real estate professional status. I am looking for a good web based or app program to categorize and track my hours for material participation. Does anyone have any experience with RESPtracker or any other program that works well. I’m looking for something more than just an excel spreadsheet. I self- manage all of my properties and plan to aggregate them together as one. I will also utilize BP Tax professional finder to work with someone that has experience with this type of tax election.

[Ben Trageser]

A lot of our clients use REPStracker and like it a lot. I recommend just trying some out and seeing what works best for you. As mentioned in your last sentence, you want to make sure you elect the correct election.

[Hassan Kareem]

Thank you Ben. I appreciate your comments.

[Sean O'Keefe]

Quote from @Hassan Kareem:

I am a fairly new investor with a small portfolio. I have done my research and next year (2025) will qualify for real estate professional status. I am looking for a good web based or app program to categorize and track my hours for material participation. Does anyone have any experience with RESPtracker or any other program that works well. I’m looking for something more than just an excel spreadsheet. I self- manage all of my properties and plan to aggregate them together as one. I will also utilize BP Tax professional finder to work with someone that has experience with this type of tax election.

Would recommend going to this thread of popular sample REPS Logbook / Sample Activity Tracker

[Sean O'Keefe]

Quote from @Hassan Kareem:

I am a fairly new investor with a small portfolio. I have done my research and next year (2025) will qualify for real estate professional status. I am looking for a good web based or app program to categorize and track my hours for material participation. Does anyone have any experience with RESPtracker or any other program that works well. I’m looking for something more than just an excel spreadsheet. I self- manage all of my properties and plan to aggregate them together as one. I will also utilize BP Tax professional finder to work with someone that has experience with this type of tax election.

Would recommend going to this thread of popular sample REPS Logbook / Sample Activity Tracker