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30 April 2020 | 10 replies
I handle the bookkeeping.
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3 June 2020 | 17 replies
Start with a foundational BiggerPockets book (keep reading more), listen to the Real Estate Podcast, and read Blog posts.
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15 May 2020 | 36 replies
I communicate frequently with their bookkeeper about my payables and balances, they handle all the city inspections and schedule, they handle the day to day maintenance , they handle all the rent collections very well.it's been a year now, since then the freedom has allowed me to double my personal portfolio, and winter in Florida instead of Michigan.
2 May 2020 | 1 reply
Just a heads up, this is something a bookkeeper or an accountant would do for bank accounts and credit cards to make sure everything ties out.
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26 May 2020 | 27 replies
Question for you, did you also do the book keeping yourself or did you outsource that task?
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6 May 2020 | 4 replies
Diligent bookkeeping.
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21 May 2020 | 17 replies
First and foremost I would hire a bookkeeper to do this who knows real estate and talk to your accountantbut typically If you have an LLC management company and theY collect the money, and the properties are owned by the LLC, the tenant would pay the Property management company and the property management company would pay the LLC who owns the property.
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10 May 2020 | 17 replies
More LLC’s are definitely a book keeping nightmare2. $1-1.5M per LLC is what I do as well.
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9 May 2020 | 4 replies
I am partly there to keep the cash reserves flowing (maybe serve as hard money lender) and I will do the bookkeeping.
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13 January 2020 | 10 replies
Bookkeeping is another.