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15 August 2024 | 13 replies
Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!
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17 August 2024 | 12 replies
I started making YouTube videos and using QR codes for the toughest things guests struggle with.
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16 August 2024 | 9 replies
The last tenants at one of my SFH rentals were comfortable securing the property remotely based on the photos and video tour, signed the lease electronically, and sent all move in funds to me electronically before they moved to the area.
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16 August 2024 | 2 replies
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.
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15 August 2024 | 1 reply
I am new here, but I have been watching videos from the Bigger Pockets team on YouTube for a few months.
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20 August 2024 | 81 replies
That's the level of data dedication you must hold for accuracy.
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15 August 2024 | 6 replies
I've been watching a lot of videos from https://www.strlawguys.com/ but this is going to cost a good chunk of change to setup a fairly complex protection structure.
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15 August 2024 | 9 replies
But try this: https://www.homewyse.com/services/cost_to_estimate_home_remo...Let me ask you this.....I was even considering offering a service to 'walk the property' via video conference and throw out some rough numbers....do you think that would help people?
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15 August 2024 | 6 replies
BP offers free online videos and educational courses for you to watch and learn from.