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It's been 3+ years since I welcomed new tenants, and I've forgotten a lot of details! I'm looking for suggested timelines to collect security deposit & fees, sign the lease, and hand over the keys.I'm looking at a...
This is really two questions.1. How to best track costs of a project and compare with budget (what process/software do you use). I think Quickbooks calls this "job costing":I get a bunch of receipts then need to someh...
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Hello all,I have a tenant that has been somewhat of a problem tenant. Disrespectful attitude and began calling about issues more than normal and then won't be available. Now they have asked for a receipt for each mo...
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Hi All, Big trucks with large fans & towels & dehumidifiers been seen at the rental, and tenant claims they hired carpet cleaners and staff to wash/clean all carpet&furniture. Tenant is also not shar...
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I just bought a duplex to live in and I’m putting together a system to organize our receipts and mileage for tax time. If I understand correctly, I can deduct 100% of expenses related to the rental unit and 50% of exp...
Hey everyone!So doing my first BRRRR. Project is about a month out from completion so I’ve been thinking about the refinance part of it. The contractor has been giving me final receipts. Meaning they buy the materials...
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What is everyone's favorite way to keep track of receipts for taxes/expenses?! Having a hell of a time this year and would love some guidance for next year!
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Hi BP, I have 2 rentals that were acquired over the last 6 months... Property #1 closed Dec 2014 and was officially on the market May 1st 2015. My tenant just moved in. Property #2 closed mid Feb 2015 and should be...