Natalie Stanley
How many single family rentals do you keep in one LLC?
5 March 2024 | 28 replies
This will mean a lot more bookkeeping and accounting work for you to switch now.
Mario Richardson
Tax Professionals Recommendation
4 March 2024 | 8 replies
Make sure that you have good bookkeeping systems.
Ran Fridman
What program do you use for accounting and expenses?
4 March 2024 | 18 replies
Most of my bookkeeping clients use QBO at the plus level subscription
Andy R.
Real estate CPA
3 March 2024 | 8 replies
I do all of the bookkeeping and taxes for my own real estate business and would be happy to assist you with yours.
Keith Hoffman II
ISO Tax & Legal Professionals
3 March 2024 | 5 replies
My company Stag Advisors provides bookkeeping, tax services, and business consulting, and my experience in real estate allows me to serve your needs exactly.
Mandeep S.
Lack of clarity with regards to house hacking taxes/depreciation
3 March 2024 | 1 reply
Under IRS Publication 527, you can depreciate this 10% portion of your home over 27.5 years using the straight-line method.I am a Certified Public Accountant and I offer bookkeeping and tax services related to real estate.
Ben Jernigan
Is this a Fair Partnership agreement.
2 March 2024 | 1 reply
FINANCIAL CONTRIBUTIONS:1.1 Party 1 Responsibilities:Party 1 shall contribute to the partnership for the down payment, closing costs, and construction costs for renovations and additions.1.2 Party 2 Responsibilities:Party 2 shall independently pay the mortgage until both properties are rented, oversee construction and renovation, manage both rentals, and handle bookkeeping during construction.2.
AnnMarie Bacchus
Are CPA’s necessary before starting out? If not, at what point is a CPA necessary?
4 March 2024 | 59 replies
Not having your bookkeeping in order doesn't help either.Good luck.
Phillip Behrens
Transfer title of properties to LLC in PA
2 March 2024 | 16 replies
It would be easier bookkeeping wise to have them all together, but I don't personally believe it's worth the expense to transfer them.
Alex Clark
20 yr old debating house hacking or buying property out of state?
29 February 2024 | 28 replies
With a HH, you learn how to analyze properties & markets, how to find an investor-friendly agent, how to spot value-add opportunities at properties, how to engage in a strong due diligence process, how to screen tenants, how to create a strong lease, how to manage the property, how to build a network of contractors, plumbers, electricians and other pros, how to manage the book keeping of the property, etc., etc., etc.