As a property owner, managing rental properties comes with its challenges and responsibilities. One of the critical aspects of successful property management is tenant screening.  Tenant screening is more than just re...

We translate all of the PM software data into their QBO(s) each month to show complete financials (property-specific & non-property specific transactions all in 1 software).The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

It has been super messy and if this doesn’t close the students will be whipped out and loose 100’s of 1000’s of dollars.

About to close on my first STR in the Knoxville, TN area...what software(s) could we utilize to best manage it remotely?

Further, my understanding is that it is possible to create a multi member LLC with yourself and a corporation as members, where you're the corporate official(s) - but we're getting fairly deep into the weeds here.Note that I'm just a lowly landlord who has attended seminars and implemented some of what was taught.

Time has always been good to real estate.I know a couple that bought a 2500 SF home in the 70's for less than 50k and still live in that same home. 

As a separate option, why don't you look into moving your retirement account(s) into a self directed IRA account (SDIRA) ? 

Hello Jason,Usually, HELOCs for investment properties come with elevated interest rates, ranging between 12-15%.

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

This house was built in in the 1920's and probably converted sometime in the '40's (though I have no record of the conversion.)