2 August 2024 | 1 reply
I met with a new bookkeeper today and she referred me to the SCORE Mentorship Program.
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3 August 2024 | 10 replies
Some of our bookkeeping clients use it to self-manage their rentals.
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1 August 2024 | 9 replies
Keeping them separate is for better bookkeeping, managing the numbers, and when you sell or refinance.The disadvantage is that it will cost you more to have separate LLCs, and it may be more of your time to track.But if the goal is to buy more properties, build the foundation correctly.
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3 August 2024 | 28 replies
I have seen CPAs charge extra if the bookkeeping is messy.
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29 July 2024 | 2 replies
Give them to your accountant/bookkeeper or do it yourself.
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29 July 2024 | 9 replies
I do my own book-keeping and taxes, so don't have a CPA to consult.Thanks for any advice!
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27 July 2024 | 1 reply
I want to be able to send and receive customized docs and signatures in a secure and simple way for remote onboarding of tenants without ever having to wait for the mail or printing out multiple copies again.Currently using Baselane for banking, rent collection, and bookkeeping but it falls short on the tenant record features at the moment.
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27 July 2024 | 4 replies
And even required book keeping is more difficult.
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24 July 2024 | 11 replies
A good bookkeeping software will help make the process easier.
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27 July 2024 | 108 replies
Rather than setup LLCs for each property and deal with the added expenses and book keeping, we just file them on schedule E and I have a butt load of liability coverage.If I keep them, I might want to restructure as part of the refinancing to reduce my exposure and maybe even set them up so the kids could take over without having to be actively involved.