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15 August 2024 | 5 replies
If you have any tips on how to make it better, please include those as well.All feedback is greatly appreciated!
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15 August 2024 | 3 replies
Not in GA specifically but we here at biggerpockets have @Garrett Brown who is specifically here for STR questions and content, so if STR community and tips is what you're looking for I definitely recommend giving him a follow to keep up to date on what folks are saying about STRs on the BP forums!
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15 August 2024 | 10 replies
I suggest you do this regardless of whether the PM is licensed or not.Pro Tip: Even in states where licenses are not required for a PM, it's always a good idea to hire one who has voluntarily obtained one.
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15 August 2024 | 2 replies
That’s why I’m considering creating a free website packed with resources, tips, and lessons specifically broken down for kids and teens.
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12 August 2024 | 0 replies
Any tips for negotiating better terms with sellers?
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15 August 2024 | 5 replies
biggest tip.....Always get a sewer scope!
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15 August 2024 | 7 replies
If possible, please reach out with any advice, tips or direction.
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16 August 2024 | 10 replies
Don't be alarmed by the old schoo, suspicious-looking site, it's completely legit and full of amazing tips on getting started with flipping.
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15 August 2024 | 13 replies
Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!