Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!
Samuel Kim
Real estate professional status 750 hours doable?
17 January 2025 | 9 replies
Yeah the plan is for her to do everything for the rentals, collecting rent, posting houeses for rent in Zillow, evicting tenants, tenant application, etc but I don't know if these would be enough for her to have spent 750 hours a year...
Abraham Shamosh
Section 8 Questions
9 January 2025 | 4 replies
For each property listed through a Section 8 website, over 100 requests for application are received within the first couple of hours.
Aaron Raffaelli
DSCR Loan for a first time REI
8 January 2025 | 17 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
Mary Peale
Seeking Advice on STR Profitability & Strategic Adjustments for Year 2
15 January 2025 | 15 replies
Also look at pricing softwares and adjust accordingly.
Nik Verret
Seeking Advice for Initial Bookings
7 January 2025 | 7 replies
I recommend having a pricing software (pricelabs perhaps).
Cristal Ochoa
PennyMac Loan Transfer to LLC
7 January 2025 | 5 replies
The lender wont give you anything that says the due on sale clause is not applicable.
Sebastian Nadal
Screening for a roommate for the first time
7 January 2025 | 6 replies
Pick a screening platform/application that makes sense for you.As for meeting the applicants, I recommend meeting them at the property to show the place to them rather than getting coffee or food with them.
Kamarye Hodges
Private Money Broker
9 January 2025 | 1 reply
Being a broker myself, I can attest to the incredible value you can bring to clients by understanding not only the brokering side of things, but the application of those funds.
William J Anderson
Introduction and Seeking Advice on T-12s
27 December 2024 | 8 replies
Quote from @Brandon Weis: How your T12 will look will come down to your accounting software and how it has it formatted.