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10 January 2025 | 4 replies
It may seem easy to jack up rent but there is something to be said about good, on-time paying tenants.As an accountant, I always rely on the numbers.
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13 January 2025 | 3 replies
From an operational standpoint you might also want to consider the cost of any extra tax returns that are needed by the entity as well as any extra accounting fees.Good Luck!
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7 January 2025 | 24 replies
Quote from @Max Emory: @Bob Asad, there are a lot of different account structures out there but absolutely keep security deposits in a separate account from your opex/income account.
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10 January 2025 | 12 replies
are you allowed to edit the chart of accounts?
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24 February 2025 | 37 replies
My recommendation would be to put that $25K in a high yield savings account and keep contributing to it.
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9 January 2025 | 11 replies
Make sure your accountant specializes in real estate taxation.
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27 January 2025 | 14 replies
You can opt to automate rental payment collection so Turbo Tenant collects rent, and deposits it into your bank account.
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9 January 2025 | 3 replies
Posting goals here on this thread can help to act as a form of accountability.
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16 January 2025 | 13 replies
For seasonality, I take into account holidays and local events that might drive demand.I'd be happy to connect for more ideas!
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22 January 2025 | 25 replies
Do you see why we accountants say "likely" and "possibly" in every paragraph we write?