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11 January 2017 | 28 replies
Keeps things separate for bookkeeping and records purposes, as well as providing the extra layer of protection, like @Nathan Click mentioned.
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26 September 2017 | 4 replies
Keeping each property in its separate entity can be a organizational/bookkeeping hassle but may protect you more based on if someone sued one of the LLCs.
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9 August 2016 | 9 replies
I don't enjoy bookkeeping/ taxes)I kind of feel like the main reason I need PM cloud software is for basic online rent collecting and setting up that system.
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12 August 2016 | 32 replies
You'll learn about persuasion, presentation, negotiation and marketing and enough about bookkeeping to be able to find a CPA later, and it will help you be an even better real estate agent.Even if you only knock out 2-4 classes a year, you will eventually finish, and it's an important checkbox to get your resume read if you ever need to pick up additional income or benefits with a day job.
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22 November 2016 | 2 replies
I explained to him we will need a team, not just him and me, but a CPA, Lawyer, Book Keeper and contractors/handymen as well as an agent.
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28 November 2016 | 3 replies
No you aren't out of line but for non-commercial multis (1-4 units) sometimes the owners just don't have good bookkeeping so that just means you will have to estimate revenue and expenses...if you want solid financials you'll have to play with the big guys/gals in 5+ multis which are considered commercial...you're in mom and pop residential world right now ;)
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4 April 2020 | 32 replies
The bookkeeping is a little weird right now, because I'm paying myself rent, and the tenant's rent is below market value (and will be until May).I wasn't able to find any deals on the MLS that met my criteria.
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7 December 2017 | 10 replies
Megan,I am a virtual bookkeeper, so I spend a lot of time trying to find out what potential clients want in a potential bookkeeper which happens to be similar to what they want in a CPA.1.
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7 April 2018 | 8 replies
@Robert CaturanoMost multi-family property owners should have some sort of bookkeeping/record keeping.
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19 August 2010 | 18 replies
I make decisions about when to evict, when to raise rent, and do all of the bookkeeping on my own.