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16 February 2024 | 6 replies
However, as you grow these will get unwieldy and will cost you more time to maintain, probably to the point where you keep putting off the bookkeeping.
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16 February 2024 | 9 replies
>E&O Insurance>Escrow & Deposit Management>Bookkeeping Services>Branding (Franchise name)>Inhouse referrals from Agents>Office Space & Office ToolsI will Provide: The entire property management division.
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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.
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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.
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14 February 2024 | 21 replies
Proper bookkeeping is essential and a specialized skill for flippers.
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13 February 2024 | 2 replies
What i find at irs.gov seems to work, however my bookkeeper says its not like kind property.
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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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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!
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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.
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12 February 2024 | 11 replies
As a flipper with a small rental portfolio, I would also suggest hiring a real estate-focused bookkeeper.