Andrew Steffens
Question for PM's, Self Managers
4 September 2024 | 13 replies
The team is based in Bolivia, Argentina, Honduras, and Pakistan.All agents are paired with a supervisor and trainer to offload a lot of the day-to-day responsibility and management from the operator's sizeThe agents help operators set up a 24/7 front desk team (Guest services/communications), manage overnight emergency shifts, create and optimize listings, revenue management, dispute negative reviews, manage Airbnb claims, in-house vendor management, bookkeeping & sending owner statements, manage collections, digital marketing, and other back-office tasks.Nonetheless, happy to chat.
Shane Bishop
Best Accounting Software for Rentals
3 September 2024 | 4 replies
Also, I had to set it up with real estate specific categories and I'm not an account / bookkeeper so this go really messy.
Account Closed
Anyone have experience with REI HUB?
2 September 2024 | 8 replies
Having a system tailored to real estate investing and doing everything I would want a bookkeeping system to do has made the financial information I have much more accurate and timely.
Jason Hanson
Getting started with property managing
3 September 2024 | 17 replies
It's also a good time to consider what will work best for you when it comes to bookkeeping.
Vikrant Prakash
Short Term Rental House Hack
1 September 2024 | 9 replies
While the bookkeeping will likely be complicated, is the accounting/taxation on this STR based on 100% STR income/expenses allocated 100% to business and general house expenses (mortgage, utilities, depreciation etc) pro rated between STR/personal residence based on sq footage?
Ryan Williams
Our First Airbnb/House-Hack in Denver
3 September 2024 | 14 replies
Did you create an LLC for the purposes of operations and management, i.e. book keeping, income/expenses, etc.?
Ashley Lehman
Investment Bookkeeping Opportunities
27 August 2024 | 5 replies
I'm currently a payroll manager part time and have done other bookkeeping / management jobs, so it was recommended that maybe I find an investor who is needing help managing their books or payroll.
Kevin Luttrell
How do you pay your cleaners?
30 August 2024 | 22 replies
We usually bill our owner's via cash rather than accrual (IE our July owners statement for an owner has their July revenue minus expenses paid in July) but the owners get confused when the cleans don't line up to the stays, so had to train our bookkeeper to include the July cleans on the July statement even though that invoice was paid in August, which is different than how all the non-cleaner invoices are handled.
Andrew Acuna
What is everyone's obsession with hiring PMs!?!
4 September 2024 | 84 replies
I agree with @Joe Villeneuve.Real estate investing requires a certain set of service providers (RE agent, PM, lawyer, accountant, bookkeeper, contractor, sub contractors, handyman, etc).
NA Reddy
Would I benefit from an LLC if I invest in RE thru Syndications
31 August 2024 | 12 replies
An LLC could simplify bookkeeping and structure your growing investments, but its main advantage would be in organization and liability rather than immediate tax savings.