All Forum Posts by: Roman Stefaniw

Hey guys. Thanks for the prompt responses! It sounds like Quick Books is everything and more a person needs. I will start looking into this program immediately.   

Hello all! 

Im new to the real estate game and am excited to get started. I am in the midst of negotiations for my first duplex. I do not have an incorporation yet and do not know if its necessary to get one for my first unit. I was wondering if anyone has any advice on how to manage bills, incoming & outgoing money and accounts. I think this is pretty straight forward for one unit but as i plan to expand my portfolio it seems like it could get complicated. 

For example should I have separate accounts for incoming cashflow? A separate account to manage bills (mortgage, insurance, etc)? A separate account that holds money for "Misc" and "Just In case" scenarios? Or should everything be piled into one account?

I know this is probably a pretty straight forward question but I'm a Neewb. Any pointers or advice would be appreciated! Thank you very much. 

Roman