Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.
This provision allows taxpayers to expense certain qualifying assets upfront instead of dep...

Some context:My PM uses Buildium. Each month, I take the income & expense report generated by my PM and manually enter it into my bookkeeping software (just Excel) alongside other expenses (mortgage, landlord-paid...

Hello everyone. I was wondering if BP or experienced members here have a recommended company/vendor/type or set of firms that can help me structure my assets and businesses. Things are getting well beyond my skillsets...

Does this chart of accounts make any sense?

For bookkeeping/ tax purposes: if you replace an A/C unit and hot water heater does it get categorized as a capital expenses or repair cost? I have been researching to ensure I log it correctly in our bookkeeping soft...

I have searched around in the forums and bit and haven't found quite what I am looking for. I am managing my own rental so I am needing suggestions on property management software. I have just started becoming comfort...

Hi

Is anyone using www.propertysolutions.com management software?

When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee? Before we explore this question, an important re...

I am not doing very well so far in my search for a good investment property. I have been looking for the past couple months for anything on the MLS that would be a decent investment.  At most I'm seeing about 2%  5 y...

Hello BP community,At this point in time we have 4 units that we own and manage. We have been relying on Excel heavily for keeping track of everything, which has worked out alright so far but we are continuing to expa...