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3 January 2024 | 3 replies
- Bookkeeping- Newsletters to tenants such as: - Winterization tips: min temperature, outdoor faucet covers ect
16 March 2023 | 8 replies
Something like Avail, TenantCloud, or TurboTenant are good all-rounders, but some of these are paid solutions and charge additional for accounting features.Stessa is easy to use for the bookkeeping bit, but is a bit less developed for managing leases, collecting rent, screening applicants, etc.Azibo is building the best of all worlds but the maintenance tracking features are still incoming.
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3 April 2020 | 13 replies
Don't you uno reverse card on me I don't do bookkeeping so QB is not my specialty - I stay in my tax lane.
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21 December 2018 | 15 replies
a) Office Supplies (e.g. stamps, envelopes) b) Software c) Gas/Mileage d) Advertising + Payroll e) Concessions f) Lease loss g) Property manager fees (monthly) h) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisor
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2 January 2022 | 2 replies
You'll still get the tax benefits of a rental (and the bookkeeping organization with a separate bank account) even if the rental is in your personal name.That being the case, you may want to reach out to a NYS attorney to make sure it is set up correctly.
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22 May 2023 | 5 replies
I'm not a CPA but I am a bookkeeper for REI so maybe I can help with some questions
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18 January 2024 | 13 replies
More than half that hour is doing simple record keeping/bookkeeping, hire a “tax guy” and you shouldn’t need 20 minutes per month for a dozen properties.
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17 February 2015 | 5 replies
If you choose to file as an LLC, it gets a little more complicated, and you would need a qualified accountant (I'm just a bookkeeper).
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14 February 2024 | 19 replies
Make sure you have the following:Greatinvestor-friendly agentsMultiple contractorsto run bids throughMultiple lenders andhard money lenders to quote youA great real-estatespecialized CPA (and bookkeeper)Systems - We do 20out of state Flips/BRRRRs per year and use these toolsUnderwriting -DealCheckProject Management -ClickUpBookkeeping -QuickBooks Online Plus Team Communication -SlackFile Storage -Google DriveOPM - Other People'sMoney
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30 January 2019 | 4 replies
The only other benefit would just be simplifying everything so you don't have to be digging through bookkeeping all the time - which in my own experience is worth a lot of money!