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30 April 2019 | 41 replies
If they pay out of their savings or checking they are not charged.I still use quickbooks for my bookkeeping though but it's all been smooth.
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5 August 2018 | 49 replies
It might be a good idea to hire a bookkeeper to keep your books regularly, rather than the person who is actually handling the money.
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3 August 2018 | 4 replies
Something to consider: Financing, contracts, title work, insurance, bookkeeping, taxes and returns can be overwhelming even when personally making a purchase let alone in an LLC when starting out.
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6 August 2018 | 12 replies
Keep in mind, I have little bookkeeping or accounting experience other than what I've learned through my real estate business.
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6 August 2018 | 2 replies
Some of the more high volume investors will have at least one part time person helping them out like a book keeper, maintenance call service or someone to help with scanning/sorting documents.
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16 August 2018 | 22 replies
Let's say, it costs you 1.5K to get your structures in place (holding LLC or Series-LLC, with or without land trusts, with or without separate operations LLC) and 0.5K per year (for maintaining the LLC properly, bookkeeping, lawyer and CPA, etc.) for a total of 2K.
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25 June 2019 | 2 replies
Also, the month of missed rent (vacancy) skews the percentage as I don't account for vacancy directly in my bookkeeping.
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10 July 2018 | 1 reply
I have worked as an Auditor, Tax Preparer, Controller, and now as a remotely based bookkeeper.
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23 July 2018 | 7 replies
Here are some of my favorites:Dropbox is great for general document management.Evernote is great for notes, checklists, biz cards, etc.Insightly is great for task management and CRM.For bookkeeping, QBO is the software of choice.
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18 July 2018 | 4 replies
If you dont have a bookkeeper, it is your duty to properly track all the income and expense so that the income can be allocated to each property and eventually to each state.