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All Forum Posts by: Landon Mizuguchi

Landon Mizuguchi has started 3 posts and replied 102 times.

Wow, there are a lot of options on this thread. Last time I did this STR income and expense tracking evaluation process it was overwhelming.

I started out on Stessa when it was free. They started charging, but didn't make the software better (lot's of problems and broken things) so I moved to QBO. QBO isn't setup for rental properties or multiple rentals and when you have multiple LLC you need a subscription per LLC. People told me I could hire someone to help setup QB for my rentals but this would have cost a couple grand. Finally moved to Digb and love it.

hmmm no true. 

I'd say the PM you talk to doesn't spend much time talking to their customers ... this is a nightmare for me every year.

@Sean O'Keefe can get that sample log book too? 

Post: Please help! I need a CPA!

Landon MizuguchiPosted
  • Posts 103
  • Votes 19

Timothy, do they have credentials. I care about this even if Morgan doesn't? If so, can I also get details? 

Post: Pros and Cons of Section 8 tenants

Landon MizuguchiPosted
  • Posts 103
  • Votes 19
Quote from @Robb Almy:

Hi Melissa- I have one of my properties that has a section 8 tenant and it has been good for me. The positive is that the payment is reliable. You are right that some section 8 tenants may not take care of the property...but I have had both non-section 8 and section 8 tenants and I think sometimes those are just gross generalizations. I think you are smart to continue to do some research and familiarize yourself with the program. Best wishes and happy investing! 

I have one also

If I sell the extra lot to an owner occupant I believe that's acceptable. 

@John Semioli are you using some obscure bank? 

I used to use spreadsheets, then moved to when QB as my portfolio grew, now on Digb because I have multiple LLC and I don't want to have to buy QB subscription for each. Also, QB standard account code need to be modified to handle real estate expenses and income.

Quote from @Max Emory:

@Landon Mizuguchi, nice. Does your software allow you to have a 100% accurate balance sheet per separate filing entity? That's usually the main issue we see with QBO. Other than that, it's great for what we do for REIs (and myself as an REI).

Yeah, Balance Sheet is formatted with properties in Columns (similar to screen grab of Cash Flow Statement above) and grouped by LLC. I can also add and remove properties if needed.