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All Forum Posts by: Renee Fulcer

Renee Fulcer has started 2 posts and replied 79 times.

Post: New to this in Beloit, Wisconsin.

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

Welcome Sherry!  I have a rental in Beloit.  lived there for many years, love the community.  Beloit Property Manager's Association meets tonight - http://www.beloitrental.com/ and they are a member of the Wisconsin Apartment Association - http://www.waaonline.org/  .

Post: WIN January Meetup - Rockford, IL area

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

Lloyd and I can't make it - we have a banquet we have to attend....

Next time for sure!

Post: WIN - Winnebago Investor Network (Rockford Illinois Area)

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

That should work for us!

Post: WIN - Winnebago Investor Network (Rockford Illinois Area)

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

@Lloyd Fulcer and I can't make it but hopefully the next one!

Post: Winnebago Investor Network (Rockford Illinois Area)

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

Lloyd and I will be out of town  - maybe the next one!

Post: New member to BP from IL

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

Hi Tyler, 

Welcome to BP!   I'm in the Rockford Area too!

Post: Rockford Metropolitan Area Networking

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

Lloyd and I will be there, thanks Craig!!

Post: The Bookkeeping World

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

Nataly - 

Yes, Buildium lets you use multiple bank accounts, but some fees ( like tenant screening ) are extra.  

I charge an application fee collected by Biuldium to cover the screening, so it's a reimbursed expense. 

Post: The Bookkeeping World

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56
I forgot to mention, I have one bank account for general business and one savings account for security deposits. And one QB file for all properties under 1 LLC including the 2.5 flips we've done. Recommendations from our accountant and attorney based on our current size.

Post: The Bookkeeping World

Renee FulcerPosted
  • Rental Property Investor
  • Winnebago, IL
  • Posts 80
  • Votes 56

I do use both. I have used QB for 20 years as a bookkeeper for different companies including one that handled commercial Real Estate tenants so I already know how to use it, and I use it for my other business so it's practically a "no brainer" that I'm going to use it for REI.

The class tracking feature allows me so much flexibility in how I can see my data. For example, I have 4 rentals (4 SFH). 3 in Rockford, IL & 1 in Beloit, WI. I can run a P&L and see how they are all doing combined and individually, or how are just the IL properties doing... OK maybe I'm a bit of a bookkeeping nerd :-)

I use Buildium for building my listings, applicant screening, and tenant payments. My husband/partner can log on from anywhere and see tenant payments and charges and see basic income statements. It also tracks my leases and move in/out dates. I don't put all my invoices in it because it would be (for me) cumbersome to try and use it as a QB replacement, probably because I've used it for so long already. 

I guess it's pricey ($36 monthly) for Buildium with only 4 rentals but I think it's worth it.