Lincoln Waite
Paying utilities on a Multi-Family and it's eating all of my cash flow. (Iowa)
3 February 2025 | 15 replies
@Lincoln Waite are you comparing market rents correctly?
Jonathan S.
Passive Real Estate Investing
15 January 2025 | 10 replies
I want to ensure that the structure of these investments I am working on correctly address key issues for investors.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
Briar Blake
Property Managers Violated Contract
25 January 2025 | 13 replies
This is a case where I want to manage more and make sure I'm addressing it correctly.
Alex Hall
Subto FHA problem
20 January 2025 | 57 replies
@Daniel Tanasa Unfortunately that is not correct when it comes to mortgage debt.
Fareen E.
Corporate Transparency Act -- FOR NOW: Voluntary Submission Only
21 December 2024 | 0 replies
Note: Short and succinct updates are provided on the https://fincen.gov/boi website but I like to get more context. Something to watch if you are mindful of the government being over-involved in nearly every single LL...
Frank Harris
Does anybody have a New Build with Blacktip Construction Group in Cape Coral Florida?
27 December 2024 | 93 replies
if you go about the process correctly, you can break free without liability.
Amanda Bradley
1 yr lease ending 2/2/2025
7 January 2025 | 5 replies
Again check to verify that this information is correct.
Eric Andersen
Looking for help with Dallas/Fort Worth (DFW) short term rental market
11 January 2025 | 11 replies
STR is a slowly dying model that exploded in the last 10 years and correcting big time.
Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.