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29 August 2017 | 5 replies
I'd recommend just keeping a journal or Excel file of your appointments and time spent on calls or doing paperwork, including bookkeeping.
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16 December 2021 | 10 replies
Simply the fact that the residents own the homes introduces a whole new set of challenges that other real estate doesn't have.Using the right management software, bookkeeping correctly, and using the right accountant who understands mobile home parks, cost segregation, and bonus depreciation will all be important.
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26 October 2018 | 4 replies
There are a lot of bookkeepers that can do note servicing if you ask around.This thread had a bunch of great info too: https://www.biggerpockets.com/forums/50/topics/827...
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15 December 2023 | 12 replies
Tenants Zelle to the respective buildings account.I do all of my book keeping on excel.I rent through Zillow exclusively.
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25 September 2019 | 7 replies
You should think about hiring a bookkeeper or a CPA that specializes in real estate and will also do bookkeeping all in one.
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11 October 2019 | 3 replies
Well rounded: Your accountant should be familiar with real estate taxation, but it is equally important that your accountant has a general understanding on other types of accounting/tax issues as well (i.e. bookkeeping, individual taxation, estate/gift tax issues, etc.).
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19 May 2020 | 53 replies
Because when you keep them separate your bank statements are your book keeping.
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31 December 2023 | 9 replies
The biggest part is book keeping and that is outsourced and done in QuickBooks.
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28 December 2023 | 6 replies
If that is the case, QBO will be the software that most bookkeepers and tax professionals are familiar with.
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6 January 2024 | 15 replies
Typically when you end up with significant cashflow or a high number of monthly transactions a bookkeeper or CPA can save a lot of time and make sure things are ticked, tied, and categorized properly.