I wanted to start tracking my daily hours in the business and wanted to understand HOW I need to do this so it gets approved come tax time. 

Hi everyone, I am curious if there are any industrial real estate operators on here. 

Hey Dan, renting to a sober living operator can be a great idea.

Any recommendations on the most efficient way to track your time when classified as a real estate professional?

This is the only app I can find customized for tracking your hours and that of your cleaners, handymen etc...

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

Hi there!I'm curious if anyone has a great system they'd like to share. When I'm driving and see a property I may be interested in learning more about, I text myself the address or a picture. Its not ideal. I really w...

Depends on the operating agreement and docs you signed.