Lisa Arkowski
Quickbooks if I have a property manager
My husband and I are both self-employed and have our rentals on the side. We recently got a property manager to deal with the aspects of rentals that we don't enjoy. We also recently got Quickbooks. Everything I read ...
Justin Klein
Accounting - Income Statement Question
Accounting Question for you CPAs.So I recently purchased a rental unit and am just starting out. I have one asset (single family home). I do not use any accounting software at the moment as it is just one unit. It ...
Dakota Mivshek
Tax Question - Mixing real estate commissions and Rental Income
Hi there, I have a tax related question. Things moved quickly these past few months, which has resulted in the creation of an LLC (S Corp status), Real estate sales commissions, & rental income. Current status: Re...
Alexis Zion
Need help to set up Quickbooks 2014 for my 8 unit and 4 units building..2 questions
Hi All can anyone help us with the setup of Quick Books? We are just trying to figure the following#1 What is the best way to create an profile for each building?#2 What do we call each unit (tenant) once we set up...
Daniel LaCroix
Best tool to manage / accounting residential properties in Canada
What is the best software / tool to manage-accounting-prepare for tax returns for residential rental properties in Canada?Daniel L
Noah McPherson
How do you manage your portfolio's budget??!
Hey BP,I'm wondering. How do you guys manage your finances. Looking to see if someone has an organized system I can copy. Obviously, you don't ever wanna be dipping into your reserves or savings for maintenance. How d...
Chen WU
Stuck with rent control
I am in California and found some properties with tenant occupied for sale. The numbers could potentially work except the fact that current tenants have been living there for 10+ years and rents are way below fair mar...
Bob Harris
Income or not?
Are the draws I take for rehab on my properties considered other income on my P&L statement or are they not included at all? My reason for asking is because all my expenses (subs, material, interest, and utilites...
Patti Robertson
WOW - You won't believe what this SEC 8 Housing Authority Director Told Me!
I have been housing SEC 8 tenants for 15 years, and have about 120 voucher holding tenants in my property management brokerage. Last week the director of the Norfolk, VA HA told me that if a voucher holder tenant tel...
Pedro Machin
Quickbooks Invoices for Direct Deposits?
Hi all,
I have all my tenants direct deposit their rents at different times each month. Monthly I just download the transactions from the bank and assign each rent to the appropriate account.
It doesn't...