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 wanted to share something I created, and would also like to get feedback. Like many people do, I invest in several geographical markets, but wanted a way to visualize the expense breakdown of exactly where my money ...
Hi Folks, I have a master spreadsheet with all my costs for a flip. I'm confused though as to how to calculate my gross profit. I have considered any and every expense associated with the project, including credit car...
I've done SFH transactions and land transactions but am looking to focus in on small multifamily. Is there any difference in the process as far as purchase contract or due diligence periods or inspections or is it exa...
This week has really not gone my way. I have been unable to secure a property in my dream area of Big Sky MT. But I refuse to stop trying. I decided to spread out my strategies by looking for lease purchase options...
Hey all! I have 10 units with a partner we’ve slowly built up over the years. This has been a side thing for us, and our accounting has been old school manual spreadsheets, along with rent collection varying from tena...
I wanted to share two "Quick Tips" that have really helped my investing. The first is Google Drive, which I use to manage all of my real estate-related information, files, etc. This is especially helpful for investo...
Hi all- Our tax accountant informed us there there were changes made by the IRS last year regarding "rules/guidelines" on how you can categorize expenses when rehabbing a rental property (not flipping). We, like many ...
Hi All, What is the best free app or process you have used to keep track of receipts when spending money on anything home related? Thanks in advance for the responses!Cheers,
Howdy all,
I have a small property management company for my own rentals as well as a friend who is out of state for a few years. I'm just getting setup in quickbooks. I'm trying to figure out the best way to itemi...