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28 October 2018 | 6 replies
A profitable option would not only being a tax preparer but learning how to use Quickbooks then offering remote services where you do the bookkeeping of certain small businesses or even RE investors.
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30 July 2020 | 10 replies
As far as book keeping, I will still keep records of everything according to individual property (for my own knowledge and in case of audit/ lawsuit/ etc) but, since I technically will be combining all the properties' supplies into one dollar amount reported on my tax return, and all the properties' repairs into one number, etc etc.. doesn't it make sense to just use one bank account/ credit card?
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4 April 2022 | 4 replies
A little overkill, but if you don't have a good bookkeeper and you're not doing a lot of projects up front, I would do a new bank account for each project.B.
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14 April 2022 | 3 replies
or better ways of bookkeeping?
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28 December 2016 | 12 replies
All the details of rent collection, leasing, maintenance, repairs and bookkeeping are handled by national class, professional property managers.
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25 June 2018 | 10 replies
If you are buying with cash or bank financing, for the most part the depreciation is the same but you will have more complicated bookkeeping.
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5 April 2017 | 5 replies
Well he doesn't just work with investors, he is an investor himself, and he understands that world.We use him both for our personal taxes, as well as bookkeeping and tax work for Nest Realty.
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25 November 2022 | 43 replies
Tenants pay rent online, electronic signed leases, online applications (I still use Zillow for listing properties because I get better results) it’s my book keeping and it links with another site for sending out 1099’s.
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14 August 2012 | 15 replies
It's a simple one page filing with an Articles of Organization and a small fee.Of course, depending on what you're using the LLC for, the Operating Agreement, bookkeeping, etc, could get expensive.
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21 August 2012 | 7 replies
Note, you could run several businesses from one LLC (flipping and lending, in this example) and account for all income and expenses from one checking account.There are many bookkeepers that specialize in QuickBooks who could help you set this up and show you how to use it.