Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!
Sebastian Nadal
Screening for a roommate for the first time
7 January 2025 | 6 replies
@Sebastian NadalI've used Zillow Rental Manager to screen my tenants and have found it effective.
Scott Johnson
Scammed by "Estate Legal"
31 January 2025 | 20 replies
I believe in this so strongly that I have even once confronted a large advertising client about this issue when I discovered they had language to this effect in their terms of use in the past, and asked them to change their policy, at risk of material revenue loss to our company.
John Lasher
Coaching for multifamily?
31 January 2025 | 24 replies
Don't know how to analyze a deal effectively?
Luis Cerwin
How long should I give my PM to Rent a Unit before changing PM?
20 January 2025 | 14 replies
@James Wise MICHIGAN UPDATE: new law went into effect January 2, that landlords can no longer discriminate on tenant income source.
Matt Wan
Can I buy a property without being physically present for any part?
17 January 2025 | 16 replies
If I have to buy a last-minute ticket or spend $1,000 or so for notarized signatures at a consulate, then it has a significant effect on my choices.
Kyle Carter
Selling a property
4 January 2025 | 2 replies
What are the most effective ways to exit an investment?
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
@Thomas Farrell The BRRRR strategy can be effective with $400K in capital, especially in a market like Augusta, GA, offering affordability and rental demand.
Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
These types of properties require experienced management to navigate the challenges effectively.
Joe S.
Is promoting buying rentals due to a conflict of interest?
3 February 2025 | 30 replies
Let's look at your example of a roofer, assuming he owns the company.He has to pay for employees- they still get paid, even if they are not giving 100% effort.He has to pay his workers to go back for warranty work - effectively paying them to do the same job twice.He has to pay for equipment, even when it's not being used 100% of the time.- but the company he bought it from still gets paid.He has to pay for advertising, whether it works or not.- but the advertising company still gets paid.He has to pay for accounting services, payroll services, tax services, legal services, etc.- they all get paid whether he makes money or not.So, what's your point?