Hi there, I have a question for property management company owners. I was wondering if it is common practice for property managers to supply bookkeeping services as well? Example: A property management company takes o...
Hi BP Community! I'm in the process of analyzing some deals and would like to ask current owners what sort of operating expenses they have? I know their is taxes, insurance, landscaping (if not doing it yourself), pes...
Hey BP!
I'm diving into QuickBooks Online for the first time and could use some guidance. To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ug...
I am new to RE Investing and do not own any current rental properties, but it's an area of interest. I'd like to build up passive income. A few questions I have in evaluating the profitability of rental property:
1...
Hello! I have searched for this on the forums extensively and online, to the point where I've started building my own and writing the code myself. I still can't believe it doesn't already exist though! I'm looking for...
Hello, Everybody!I have a question for the BP Community, and would be very grateful for some direction. I have spoken with folks everywhere: Anderson, Laughlin, my CPA, real estate seminars... now I am pinging the gro...
Hi Gang,I have only done a few single family properties up until now and am looking at some multis. I found a fourplex that I think is a deal but wanted to run it past my "partners" at BP. Property is in Columbus Ohio...
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Hello !When I receive a deal and I plan to make a quick and dirty valuation what is the right approach ?I always removed the additional income because I feel I should not value a property for lost key fobs or pet fees...
If there are any BP Tax Professionals that can help I would really appreciate it - my accountant isn't sure on this one. I've made a blunder in not comparing the 1099 from my Property Management (PM) company to the ...