Daniel Smith
Schedule E - Where to put shared expenses?
Where do you put your "shared" expenses on a Schedule E? I have four rental properties, and there are some costs shared between them. For instance, an umbrella insurance policy, supplies, PO box rental expenses, trave...
George Plasencia
HOW TO CALCULATE EXPENSES ON A DUPLEX ?
HI FIRST OF ALL, I AM NEW HERE AND I AM SO EXCITED TO BE HERE. SECOND I JUST BOUGHT MY FIRST HOUSE. ITS A DUPLEX IN NYC. MY QUESTION IS HOW TO CALCULATE EXPENSES ON A DUPLEX WHEN I LIVE IN ONE HALF OF THE PROPERTY AN...
Jeremy Zindel
Business overhead expenses on a Schedule E
Just wondering what the correct way is to handle business overhead expenses for my rental properties when it's time to account for those expenses at tax time? (i.e. cost for business PO box, Quickbooks, miscellaneous ...
Joe Stout
Running Income and expenses through an LLC
Hey everyone, I've been told a million times to start running my income and expenses through my LLC. What is the purpose of this? I am worried about running it through my business and then becoming less "bankable" to ...
Erik Kubec
$5,000 Start up expense deduction for rental?
I may just need to hire a tax pro for this question... pm me if you are taking on clients.
My wife and have purchased 3 rental properties which I actively manage. (I do the repairs on all of them, collect rent on o...
Taylor Zenter
Investing in nicer neighborhoods with expensive property
I recently started working with a broker in Beverly Hills while studying to get a real estate license. I got a minimum wage type job here so I can kind of learn the area a bit and even possibly begin networking. So...
Brandon Baker
How do you track expenses and returns?
Hello, I'm about to close on my first 3 properties and want to set up all the necessary ways to track my income, expenses, and overall returns. I'm using a property management company so they'll provide monthly report...
Rachid B.
Rentals spreadsheet to keep track of expenses
Hello,
I recently closed on a second rental property and I am looking to be more organized to keep track of my cash flow . Ideally I am looking for an excel sheet to monitor my monthly rentals and any expenses (mortg...
Ronnie Howard
Deducting Expenses Prior To Buying 1st Rental
I’ve been a lurker for a little while now. Listening to podcasts, reading and suffering from a case of analysis paralysis. Ready to start actually acting and curious how it works with expenses I incur prior to purchas...
Ryan Swan
Any Buildium customers track credit card expenses?
I have tens of thousands of dollars in yearly rental expenses that I'd like to put on my business credit card to earn cash back, but the accounting process in Buildium seems unnecessarily complex. I've read their hel...