Taylor Cook
Who manages your books for your rental?
Hi there! I manage my books currently, but since we bought a new property and I have a full time job, it seems like a lot to keep up with the books. Do you recommend a CPA to handle all things on the books, or should ...
Christian M.
Property Management / Accounting Question
Hi there, I have a question for property management company owners. I was wondering if it is common practice for property managers to supply bookkeeping services as well? Example: A property management company takes o...
Catherine C.
Moving money from LLC bank account to personal Roth IRA
Hi All. What is the best way to do this? There is money in our business LLC bank account, however we'd like to transfer $6000 (the annual max) to a personal Roth IRA. Any tips appreciated, thanks!
Erica Cook
First Time Landlord - Book keeping/Organization
I have a client who is just starting out investing in rental properties. He’s super old school and likes to book keep everything- any suggestions on landlord/property book keeping books for investment properties?What...
Soh Tanaka
The right way to enter delayed-cash out refi to the book
I recently purchased a rental house for $50k cash. I entered to my book as a $50k asset. Now I refinanced the property and got $40k out. How do I enter the cash-out refi transaction to the book?Thank you.
Cody Z.
Bookkeeping Software Recommendations
Hi All,
I am curious what you all are using to automate your bookkeeping?
I am currently doing my own spreadsheets but would like to have automated as I plan to scale to more properties and use a dedicated checking ...
John Matthews
Quickbooks users BEWARE
So, this is a two parter – 70% Rant, 30% Tip, feel free to skip down to the tips section…RANT:So I’ve had a busy year, went from 0-8 houses, and I’m definitely feeling the growing pains, but the biggest one is with In...
Sammy Lyon
New Laws for Flippers in California
There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.
According to the California Association of Realtors, starting July 1, 2024 most 1-4 uni...
Account Closed
Subject Tos
So my Adwords campaign has been bringing me some solid leads, and I'm finding that quite a few of those would be awesome as sub 2 deals. There were two deals in particular that made sense and would be awesome sub 2 de...
Ryan Runchey
Setting Up & Using Quickbooks Online for Rental Property
Hi Bigger Pockets,
I purchased a condo in the bay area this year living as an owner-occupant with housemates. While it's not a big fixer-upper, I am renovating - three steps in with BRR!
I need help with Quickbooks...