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All Forum Posts by: Mike McGee

Mike McGee has started 12 posts and replied 65 times.

Post: Home Encounter - property management in central Florida?

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

Thanks @Gavin Welch. Do you have rental properties with a management company? If so, anyone you could recommend? 

Post: Home Encounter - property management in central Florida?

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

@Kim Meredith Hampton, do you serve Ocala? I checked your website and didn't see Ocala on your Cities Served page.

Post: Home Encounter - property management in central Florida?

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

I'm considering buying some rental properties in central Florida. I've come across a company called Home Encounter. https://www.homeencounter.com/

They appear to manage lots of property (one video claimed over 1,000), have branches in multiple cities in central FL, and pricing is good. Looks like a one-stop shop; they have a brokerage, manage rehab projects as well as property management. I found some complaints online, but most are from disgruntled tenants or would-be tenants. Haven't found any complaints from investors / property owners. Google reviews are good, but who knows how reliable they are.


Does anyone have any experience using them to manage their investment properties? 

Thanks!

Post: Cozy.co reviews

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

Yeah, you can pay (I think $3/month) if you want the payments to come faster. 

Post: Cozy.co reviews

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

That's weird, I've never had any problems accessing credit and background checks with Cozy, and I've had good luck with their tech support. The initial Experian identity verification can be irksome, but that's a one-time deal and once it's done it's smooth sailing.

Post: Landlord Accounting / QuickBooks question

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

It did include the QB file, and everything is working fine now.

Post: Landlord Accounting / QuickBooks question

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25
Originally posted by @Account Closed:

Since you didn't know how to do an Invoice, is what makes believe you have skipped some steps in Jon's book. 

I don't know why you thought I didn't know how to do an Invoice. Turns out I've been doing it right all along. I don't know why the reports weren't working before, but after a restart the report for 4100 Rental Income is showing everything correctly. 

Originally posted by @Jana Cain:

@Mike McGee Totally missed that screenshot - thank you for redirecting me!

To answer your other question, yes, you can bypass invoice creation and simply book the receipts directly to your bank account as rental income. You won't know (in Quickbooks) which tenants owe you money, but if you're tracking that elsewhere it doesn't totally matter.

Thank you! I thought so. I couldn't understand why Nancy would otherwise. 

Post: Landlord Accounting / QuickBooks question

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

I posted a screen shot of the "4100-Rental Income" account a few posts above. It shows that it is indeed an active income account in the chart of accounts.  

Post: Landlord Accounting / QuickBooks question

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

The item on my invoice is "Rent", which is already linked to the Rental Income account in the Chart of Accounts.

Post: Landlord Accounting / QuickBooks question

Mike McGeePosted
  • Real Estate Broker
  • Atlanta, GA
  • Posts 65
  • Votes 25

My invoice dialogue looks completely different than yours. (I'm using QB for Mac 2015.) I posted mine in the previous post.

As for "You need to go back, start all over, and do it the right way." I am already starting from scratch. New company. I am trying to "do it the right way," following Jonathan's book, but I don't see what I missed.