Lennie Vegas
rental property receipts - tax dudctions
I believe I may have created a newbie error for by NOT having all my home repair receipts have my rental property address listed on them. Many receipts provided either have no address or they used my home address inst...
Ashley Wilson
Receipt Tracking App Multiple Projects
Hi BP Community,Does anyone have a suggestion for a receipt tracking app that multiple users can use simultaneously, and if it links to google drive even better!!! Thank you all in advance!-Ashley
Account Closed
Should PM provide itemized receipts
Hi all, I’m a property owner in SC and use a PM. Recently, our PM company responded to a work order to fix a malfunctioning microwave. After diagnosing the issue, noting that replacement parts weren’t available, and ...
Vincent Crane
Quickbooks question - receipt vs transaction upload?
If I upload my transactions from my credit card and categorize it as business, do I ALSO need to upload a receipt for that transaction too? That would be quite annoying to have to do that if I've already imported the ...
Nicole Heasley Beitenman
Looking for a receipt scanning app
Hi BP,I currently use Mint to track my spending and monitor my rental expenses for tax purposes. I've switched to cash-only spending wherever possible, and I am looking for a receipt scanning app that will also track ...
Vincent Egan
Encouraging Pride in Ownership or Deception
I am still new to the world of real estate investing and one of the things I'm doing to make myself get more involved is talk about it. Well this past weekend I was talking with one of my family members about real est...
Breelon Bryant
Tax Assessor Appraisals: Accurate or Deception?
I found a deal for a SFH that is selling for $56,900. 3/2 and about 1400 sqft. On the tax assessor website, it says....Land value: 20,000Improvement Value: 72,000Total: 92,000Good neighborhoodRent is about $840Built i...
Tammy Wise
Where do you store expense receipts?
Hi all, how do you store your receipts? I recently renovated a house and have 30k + in receipts. Do you just keep hard copies or do you scan to some software/cloud? I want to start our rental business as organized as ...
Bill Couture
Issuing rent receipts for rent payments?
Hello. What are your thoughts on mailing a receipt every time rent is received? I have a resident complaining that I don't mail one after explaining that her cancelled check or money order stub is proof of payment. I ...
Simon L.
Rent Receipt to give or not?
Should I give them a receipt at all times or should I give if they ask for it? Tenant is paying by cash. I have a tenant that recently signed lease that starts on the 1st of this month. After discussion back and forth...