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13 June 2024 | 2 replies
My PM used to use a software rentec, and rentec would give you a running tally of cash in/cash out across your whole portfolio.
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18 June 2024 | 83 replies
A displaced truck driver is not going to be a software engineer.
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12 June 2024 | 14 replies
I have all the expenses in a different row with repairs at the bottom and a column for each property.There is software you can also use.
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13 June 2024 | 3 replies
SOFTWARES/TOOLS WE USE:Quickbooks (just changed from Stesa) - AccountingGmail / Google Drive - I create an email for the business and use this as a shared drive for all of my rental documentation.
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9 June 2024 | 50 replies
However, this also puts me at risk of an audit.
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13 June 2024 | 10 replies
Within the IRS technical audit guide they specifically highlight being several hundred miles away from the property as a potential red flag.
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12 June 2024 | 15 replies
The SEC audit or a lawsuit will cost you a lot more money in the end.
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12 June 2024 | 4 replies
It is the most popular software in the industry and all CPAs know how to navigate it which is nice.
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12 June 2024 | 16 replies
If you were audited and it was determined that you bent the rules for another renter, for any reason, at any time in the past, then FHA could ding you.
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13 June 2024 | 12 replies
Airdna is your best place to gather actual numbers, although you do need to know how to use the software, as well as talking to neighbors in the same complex with a STR.