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1 November 2020 | 3 replies
The LLC will be responsible for paying taxes on the income from any properties, so your accounting/bookkeeping system will need to be updated with each acquisition, but I don't see why the organizing documents of the LLC would need to be modified.Since you're operating in Georgia, we should definitely talk!
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16 April 2023 | 12 replies
It's a different beast and it's amazing how little most accountants and bookkeepers know about real estate.
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30 July 2017 | 6 replies
Many (not all) lack bookkeeping.
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12 January 2016 | 6 replies
Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.
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13 October 2017 | 7 replies
Overall, I think it's a great app to start with, especially if you're new to double-entry bookkeeping, but plan on migrating to a more robust accounting system (I'd suggest Quickbooks Online) when the business begins to experience growth.
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26 November 2022 | 4 replies
- 20-30 tenants across units- payment system- maintenance system with logs of past jobs and contractor info- allow tenants to message about issues (maintenance)- export data for bookkeeping- econtracts for leases and other agreements- applications and listings would be nice but not a dealbreaker
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14 January 2019 | 10 replies
The only thing I’m using is QuickBooks with the help of my bookkeeper.
26 March 2021 | 7 replies
The business of parks - Mobile home sales and licensing requirements, business licensing requirements, bookkeeping, accounting, taxes, etc.IMHO, mobile home parks can be the most stable real estate to invest in, but make sure to have your eyes open as you consider an investment, as they require a unique set of skills to be successful.
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3 August 2009 | 129 replies
I know a guy who does/did about 1 mil per year gross rev in remodels, and his team was him, a bookkeeper of many years and a handy man.
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23 December 2009 | 6 replies
-Software classes for organized book keeping-A few dress shirts for showings-Storage for supplies Do you guys go as far off to write off things as haircuts?