Mark Yuschak
Bookkeeping - what's your approach?
As we acquire more and more (mostly buy and holds, but also some rehabs for a quick flip) it's becoming more and more of a hassle to keep the books.
I am yet to find an adequate piece of bookkeeping software which re...
Glenn Cosburn
Form 4562, MACRS depreciation for AIRBNB capital improvements
We spent $40,000 to restructure our house (basically combine two bedrooms to an airbnb unit). I assume I use form 4562 to report the start of depreciation of these capital improvements. If so, I was wondering how to f...
Joe Howell
How to determine Capital Gains Rate
To all the BP Tax Experts,I am thinking of selling my properties and was doing research on capital gains rates. I ran across this article and was wondering about the income threshold. Is my capital gains rate based u...
Christopher Lambert
Tax software for renting out a room
Just curious if anyone knows what do it yourself tax software would be best for a condo where I have one roommate (I own the condo, he is renting a room from me). I've always used TaxAct in the past before I started r...
Jason L.
How do you manage accounting for properties under a property mgr?
For years I owned one self-managed property that I was easily able to do the bookkeeping on with Excel. However, I recently bought two more units that are under professional management. The PM company gave me an owner...
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Property Management Software
I am looking at Quicken Rental Property Manager 2.0 and Quick Books software.
Any recommendations on using either of these software products or something else?
I will be tracking about 20 properties but I would like...
Alvaro Tuchan Jr
Property management/LLC formation/Collecting rent
Hello, my father recently made his single family home and is creating a 4plex in Los Angeles, CA which will be done in approximately 1 month. I have offered manage the property, since I want to begin real estate inve...
Darren Maloney
Cost Segregation & Accelerated Depreciation
Good evening. I am thinking of buying an income property before end of year, in part to take advantage of the generous Jobs Act depreciation allowance which I understand will expire 12/31/22. Does this have relevanc...
Mark Kennedy
Why is REI so popular if it takes YEARS just to break even?
I've really wanted an answer as to whether real estate is a get rich slow endeavor, and after watching Brandon's video on How to Quickly Analyze a Property Deal it seems to be the casehttps://www.youtube.com/watch?v=X...
Brandon G.
Books about running business financials
Hello everyone,I have listened to many books in the last two years that cover the real estate gamut and several business books that include generic concepts like how to manage people and structure your business howeve...