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18 March 2018 | 7 replies
Doesn't include tenant screening but has a much better bookkeeping experience overall and a great mobile app.
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6 May 2018 | 42 replies
Ask all the possible questions to your property manager ( most important team member) because you will only be dealing with them once the property is purchased: questions that can be asked :1) Who's doing what (org chart) ( how many portfolio managers, contractors, bookkeeping ) get to know the team. 2) How long have they been in the market?
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14 May 2018 | 14 replies
Several reasons: no transfer tax, no possible trigger of 'due on sale' (I understand you are f/c, but for general knowledge), transparent to IRS--less bookkeeping, and with proper insurance, trustee and beneficiary designations, you are basically invisible and untouchable.Put your investment property in a different trust, LLC or corp.
30 October 2018 | 3 replies
Mainly:pro: asset protection, anonymity (depending on the state), estate planning (fair value gift tax exclusion every year)con: creation and maintenance cost, limit the ability to get mortgage, bookkeeping and tax reporting cost, proper use to avoid piercing the veil.LLC is not a replacement for liability and umbrella insurance.
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18 February 2019 | 8 replies
@Grant RothenburgerRealtor, CPA, Bookkeeper, Insurance Agent,
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12 September 2012 | 31 replies
We have a bookkeeper and guy that does all of our purchases Eric so to me it is zero effort less typing out some responses in this thread.
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19 January 2015 | 4 replies
Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.
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1 April 2016 | 6 replies
I do the bookkeeping for my brother's hvac company and he won't deal with any warranty companies.
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28 February 2015 | 62 replies
Having to deal with all the book keeping I realized I dont like doing the nuances of book keeping for all the properties so good software becomes key at managing tenants.