Josh F.
Expensing vs. Depreciating Assets Under New Tax Law
30 January 2018 | 6 replies
There is no limitation on how much you can expense.1) The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by the invoice Note: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.
Joseph Hammel
Property Management Software
31 January 2018 | 4 replies
Hi, I currently own and self manage 36 units, (7 sfh, several 2-4 units and one 16unit) I bought Buildium last yr and Its ok but I see now there is Unitdash witch is free. Buildium is about 1600/ yr! I signed up with ...
Andrew Parker
Does the Bigger Pockets App suck?
5 February 2018 | 7 replies
Maybe the software is optimized for iPhone.
Graham Lutz
Actually getting started after 15 year of talking
1 February 2018 | 1 reply
Renovated and lived in a couple RV's, changed careers and found some pretty good success as a software engineer.
Andrew Shippy
Naive tax rental question
2 February 2018 | 12 replies
Using tax preparation software is no substitution for not knowing the rules.
Josh Oden
RE Data Sets - Can you help!?
5 February 2018 | 10 replies
Most of our day-to-day work revolves around current market conditions but our software may have the capability to show changes over time - let me know if you'd be interested in me finding out more.
Eric Odum
Loopnet Changes coming in Feb
3 April 2018 | 21 replies
Other service platforms, such as Yardi, do not make money off of their listing services...it is a value add for their larger business, the property management software business.
James Lantis
Help!! Land Contract w/ building owned less than 1 year
3 February 2018 | 2 replies
However, that is just in my accounting software.
Andre Harris
Anyone use Prop Stream?
12 January 2020 | 2 replies
I am Looking for someone who has actually USED this real estate software to tell me how useful it was or wasn’t for them.
Mark Forest
Rent payment methods Zelle or Venmo
14 October 2019 | 54 replies
I don't use Zelle for rent payments (I use property management software for that) but I do use Zelle for other payments and it's crazy easy and quick.