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21 March 2024 | 6 replies
I like Doc Hub and you get 5 free document signatures a month.Once the lease is signed set them up with software you are going to use.
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21 March 2024 | 3 replies
You can just give that statement and your spreadsheet to your tax preparer.Trying to add your paid expenses to PMC software is almost impossible, as it will misrepresent what the PMC actually did.Another option is to just send the bills to your PMC and ask them to pay from your portfolio balance.
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22 March 2024 | 22 replies
This may sound like a lot of work but again, use software to automateFinal ThoughtsThe STR/MTR space is getting crowded.
21 March 2024 | 9 replies
I am currently experiencing a similar challenge to yours and have been developing software designed to assist real estate professionals like ourselves in lead organization and scheduling of showings automatically.
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21 March 2024 | 3 replies
But you can still treat it as resulting in Ordinary Income even though it is reported on Schedule E, which lets you properly report in accordance with the tax results it seems you are shooting for under the tax return loophole.If your CPA is looking at switching it between schedules to get that tax result...it sounds like they don't understand the reporting position fully and/or they just don't know how to use their own software to address it.In summary, based on what you are describing for the situation, it should go on Schedule E, with what sounds like the resulting refund of $17k.
25 March 2024 | 214 replies
The real value of buyer agent is actually the negotiation part but in the future that advisor would be replaced by software too….in the age of Wealthfront, this Ai app replacing buyer agent is easy to do.
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21 March 2024 | 5 replies
I am software engineer by trade, but have always loved and followed real estate.
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19 March 2024 | 4 replies
My immediate question is on changing PM software.
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21 March 2024 | 8 replies
I don't want to change our software for accounting / management because I have another LLC that requires quickbooks.
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21 March 2024 | 6 replies
their bookkeeping software leaves a bit to be desired though, i always have trouble connecting my bank accts so i just manually upload the file monthly now. i'll live. i like how simple it is. with RR tenants can pay through the app, they get reminders, you can manually send reminders, they can make partial payments throughout the month, you can pay $5/unit to have their on-time payments reported to the credit bureau to help build their credit, you can do apps and background/credit/eviction report on there.. and yeah in MA there are just so many stipulations around how security deposits can be used i'd rather just not even deal with it.