I'm curious to know how you do your banking with multiple properties. Currently I have 1 rental and am aggressively viewing others to purchase. I have a seperate bank account (no LLC) in which I deposit and pay all t...
Hello, quick question. I’m looking to qualify as a real estate professional for tax purposes. My wife and I own 3 rentals and I self manage them so I’m positive I’m hitting that magic 750 hour mark, also stepped away ...
Book keeping software? I'm beginning into real estate investment through rentals (2 in the past year) and as I expand want to have a better book keeping program in place - any recommendations? Quick Books Pro?
Greeting BP members,
Is there a good iPhone application or online software to track Rental expenses ?
While filing my taxes this year I had a tough time documenting all my expenses and hunting for receipts was not f...
I am looking to make a move to use a professional accounting system as I currently manage 5 properties and am using an excel spreadsheet. Time is money and I am trying to continue to grow so I am looking to simplify ...
Has anyone ever done a cost segregation without the use of a firm that charges a lot for it? I have a buddy that's doing it himself and providing an excel sheet to a legitimate accountant. Any pros and cons to this?My...
I have always done my own taxes using the forms off of the IRS website. I was considering moving to tax software this year. I would love to hear recommendations for the different programs that are available. I a...
I'm self employed, but last year my duplexes took priority and earned me the distinction of meeting the IRS definition of a real estate professional. I'd like to take advantage, but I can't see how to do so. I have lo...
Hi BP,
I'm looking to tap the enormous amount of knowledge circulating around here.
For context I live in Boston and own 31 units in the greater Cleveland area (I'll be there this weekend if anyone is around). Curr...
Has anyone sent across a copy of their deed to RentRedi to verify you are the rightful rent collector? We received an email asking us to do just that and RentRedi confirmed that was correct and we are to send it to un...