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25 April 2016 | 6 replies
This did a lot of things: I increased my cash flow $300, that is a full extra payment a year, made book keeping easier because it a dollar/ dollar credit, and my people love me because we are able to get them financed at zero percent because they had such a great application.
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22 May 2016 | 6 replies
I am a bookkeeper who has many years experience of working with clients with properties.
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20 October 2016 | 20 replies
Right now I'm using QuickBooks for the book keeping, and a simple file structure that looks like this:Property namePurchase docs PicturesTenant leasesPaper trailYear 1 (e.g. 2015)InsuranceMortgage StatementsOwner StatementsProperty TaxesHOAYear 2 (e.g. 2016)I also have been using Excel to keep track of the occupancy status of properties and vacancy.
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5 July 2015 | 8 replies
A bookkeeper might get $15.00 an hour on a salary, you need to profit after taxes over that including employee expenses to be profitable.Most in RE are usually buying a job, see if your "earnings" are on par with similar job functions, you may be under paid!
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9 October 2015 | 1 reply
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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19 September 2016 | 1 reply
What have you been paying, for what services; personal return, corporate return, bookkeeping, tax advice, segregated capital calculations, etc.I have been using a firm for corperate and personal returns.
10 February 2016 | 0 replies
My think tank in smart living company name Forward Investments: is my internal group; no lets use you: Real Estate Investment office for example: accountant, bookkeeper, researcher, negotiator.
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24 January 2017 | 82 replies
I can also see us hiring a PT bookkeeper, a FT rehab manager and eventually a FT acquisitions manager (but I just have too much fun doing that now I hate to give it up yet :) ).So to answer that questions, a comfortable goal would be to have 250 units in 3 years, a lofty goal would be to have 400 units.
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28 December 2016 | 12 replies
All the details of rent collection, leasing, maintenance, repairs and bookkeeping are handled by national class, professional property managers.
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3 January 2017 | 14 replies
Also, if you are going to be consistent in the flipping you also might want to consider a professional bookkeeping service as well to assure tight paperwork being presented to your CPA Advisor.