What are the rules for contributing a property into an LLC after the transaction is complete? I have a rental property that I will be selling that is owned personally. I will be exchanging this for another property th...

Hi everyone! I am a newly licensed realtor in Sacramento CA and just bought my first investment property as a house hack. I want to open an LLC now so that in the future when I am ready to move any of my investment pr...

I filled out the federal student aid for my two seventeen year olds to attend TN CAT.  They only qualified for loans.I am guessing that it is because my bank accounts are too high.  Last year I actually paid ZERO in f...

Book keeping question - how would I record full rental income if I don't actually receive money from the property manager?
For example - For January I receive $1000 of rental income and incur $1100 for misc expenses ...

Hi,Do I need to put my tenant’s security deposit in trust account or do I just simply open a separate dedicated account for security deposit and put the deposit there?Thanks in Advance

Hi AllHave a friend of a friend helping with taxes/accounting.  We have a property in our personal names at closing, then afterwards we moved the deed to an LLC created some months later.   However the accountant is s...

I'm trying to set up my accounting General Ledger (GL) for my rental company (I manage / operate a 4-unit apartment building). Could some other folks here give me some feedback and let me know how you set up your cha...

Morning All - This is actually my first discussion post, but I'm assuming this goes out to everyone. Which is actually a fairly terrifying as my grammar never rose to the standards of my English teaching mom, but anyw...

Hi all we are close to closing for our first investment property in New Mexico which happens to be an 8 plex. I have a separate business account set up for receiving rents and deposits. This account would also be wher...

I just finished "The E-Myth" and could relate to so many examples the book gave over this last year. My bookkeeping business helping real estate investors, agents, wholesalers, and contractors (shameless plug) is grow...