Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Michael D Kaminski Accounting Suggestions for Same?
20 February 2025 | 15 replies
But is there a Chart of Accounts that anyone could share? 
Allison Cutlip Business bank account or regular checking and savings?
7 February 2025 | 2 replies
I personally have a separate account for each property I own.
Nadir M. How Do You Handle Rent Collection & Payouts for Accurate Accounting?
6 February 2025 | 10 replies
@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.
Chris Shon Do I need a Real Estate Tax Accountant?
28 January 2025 | 20 replies
@Chris ShonYes, a real estate accountant is worth what you pay them.
Alec Jacobs What bank account should I use for my rental property?
29 January 2025 | 4 replies
If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.
Aaron Costello Finally Setting up my account
21 January 2025 | 7 replies
I'm working on getting my bigger pockets pro account finalized even though I've been a member for about 1.5 years.
Lorraine Hadden Sellers/Agent Placed the EMD in an Interpleader Account w/the CA Courts
24 January 2025 | 3 replies
Sellers had multiple "accepted" offers and all were placed in interpleader accounts
Marc Shin Should I be providing my guests with free Netflix?
17 February 2025 | 15 replies
Cable, smart TV's and guests sign into there own accounts
Paul Novak (Seeking Perspective) Shut Off 401K Investing
20 February 2025 | 11 replies
That accounts for $940 per month of my $8,000 expenses.
Keith Groshans Keep Idle Cash Working in SDIRA
17 February 2025 | 9 replies
My custodian does not have a money market or similar sweep account to keep idle cash earning.