Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi To manage finances for multiple properties, maintain separate bank accounts for each property if held under different LLCs to avoid commingling, which could jeopardize liability protection and complicate tax deductions.If properties are under one LLC, using a single account is fine but requires detailed record-keeping for each property.
Ashley Guerra
Central Jersey investors
9 January 2025 | 8 replies
If your not ready to spend money on a software you can use tax records.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
Jake Bute
How to track time in business to accommodate 500+ hours?
9 January 2025 | 7 replies
Secondly, calendar and email functions/apps on computers and smartphones provide great records and a log.
Chris Magistrado
Cybersecurity, Recruiting, or Real Estate?
14 January 2025 | 3 replies
Right now, you may be looking at it as scalable, but assembling a team without a track record is hard because some may end up being leeches.
Cheryl A.
Has anyone invested with Djuric Family Office aka Blake Capital Group
9 January 2025 | 30 replies
A sophisticated investor will also typically ask for the entire claimed track record and then run it through the wringer.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
My belief is that if you can find a good enough deal, you can make it work - even with limited track record.
Griffin Malcolm
Options for Using Two Vacant Plots of Land
10 January 2025 | 8 replies
Chiefly, it says "Minimum lot size: 8,500 square feet, or 6,500 square feet for lots of record," along withMinimum lot frontage (width): 80 feet or 60 feet for lots of record.
Joseph Manuel
Real Estate Salesperson License/Do I have to disclose if
15 January 2025 | 2 replies
Your brokerage is required to supervise you, and maintain all records of the transaction, just like any other client.
Bob Asad
Has Anyone Done Tax Deed Auctions in FL?
11 January 2025 | 6 replies
I’ll also call code enforcement and check the county records just to see when things like roof/hvac have been done/permitted.