Hey everyone,I'm searching for the best app for tracking mileage on a business vehicle while using the same vehicle for personal use.

Are you going to be on the same track as Pace just because you join the program?

G’dayHow do you track your expenses and find a balance between being a spendthrift and being too conservative?

As others have mentioned you start on Form 4562, but in my opinion you should have a simple google sheet or excel to track all of this for your properties.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $150,000

Cash invested: $150,000

Sale price: $187,500

Flipped approximately 550 homes over this time period wit...

@Andrew Syrios I will try and track down the source, but I read somewhere that the money has been spent and it will not be refunded by the county and they’re unsure how they will remedy it for owners, but I don’t expect any money back 

Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.

Opt for a property management company with deep regional expertise to get the most out of your investment.Property Expertise: Look for a firm that has experience managing properties similar to yours and is familiar with your asset class’s specific challenges.Company Culture: Choose a firm with a customer-focused culture that values team management and service, as this directly affects property performance.Market Reputation: Speak with local brokers and visit managed properties to get a sense of the company’s track record.By focusing on these factors, you can find a property management company that aligns with your goals and delivers real value.

BLUF: seems like my process takes too long, seems unorganized and hard to track  I lose a lot of the people in the flood of DMs on FB.What’s your process to bring in new tenant?

We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.