Lovey S.
Quicken Home & Business vs Quicken Rental Property
15 February 2024 | 6 replies
So its about $80/year for bookkeeping software but the cloud PM offerings are all much higher on an annual basis.
David Lopez
My Cpa Retired in 2021 and i am doing my own taxes
16 February 2024 | 16 replies
I did most of the book-keeping myself but used the CPA's to file taxes and double check my work.
Dillon O'Connell
How do I get started flipping houses?
14 February 2024 | 21 replies
Proper bookkeeping is essential and a specialized skill for flippers.
Len Miller
Like kind query
13 February 2024 | 2 replies
What i find at irs.gov seems to work, however my bookkeeper says its not like kind property.
Jacklyn Robins
Looking for some guidance on scaling your portfolio
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
Justin Johnson
My First Rental Property Freak Out
15 February 2024 | 72 replies
I am still trying to learn the bookkeeping/accounting side of it so that my CPA won't scream at me come tax time!
Tammy Muller
RentalHero vs REI Hub Software
12 February 2024 | 4 replies
@Tammy Muller here are two great threads that cover the accounting software options and feedback thoroughly: BP -> Quickbooks or something elseBP -> Fav bookkeeping/accounting softwareThey don't mention either of these options, but that might be because RentalHero & REI Hub are full-blown property management software, and Quickbooks Online, Digb, and Stessa are accounting/tax software focused on real estate investors.
Darian Gore
Should I hire a CPA
12 February 2024 | 11 replies
As a flipper with a small rental portfolio, I would also suggest hiring a real estate-focused bookkeeper.
Ryan Marchand
Professional Deal Analysis - Impact of Prepaids on CCR, Proformas
12 February 2024 | 4 replies
The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining work for the bookkeeping team.Example: We're buying a 40-unit apartment complex (in Michigan) with an annual property tax bill in year 1 of approximately $50,000.
Jessica DiPonziano
Which software to use for the following setup
10 February 2024 | 1 reply
I use Baselane for all of my properties to do: banking, bookkeeping, guest vetting (MTR and LTR), draft leases (MTR and LTR) and collect rents (MTR and LTR).