I have a QuickBooks question pertaining to landlording. As a rule, how are you handling or categorizing the following?:

Cash outs from real estate closings in which the buyer has excess funds left over from a purcha...

We primarily BRRRR investor who purchased our first property last year.  We are hoping to add 2 - 3 this year.  I need to get all my financial data into QuickBooks and was wondering if anyone could offer advice on the...

Any advice on choosing the best system for collecting rent and paying bills? I'd like to have renters submit rent payments directly into an account and want to be able to produce tax documents at tax time. System shou...

Hi BP!

I need help as to know whether or not it is normal for a landlord to ask a new tenant for their bank info (bank name, branch address, account number). The landlord is willing to accept post dated checks, ther...

Hi all -I recently hired a bookkeeper to setup Quickbooks for me for my rental business.  She entered 8 months of transactions for me and told me that for mortgage payments, she created a category of "Unallocated mort...

I've been reading quite a bit about corporation vs personal ownership in canada, and i think corporation makes a lot of sense, especially because i plan on expanding eventually to 100+ doors. the corporation just seem...

I've inherited two low income, elderly tenants.  I had a conversation with one the other day and she was telling me that she didn't get a stimulus check.  These ladies only receive some social security and I'm sure d...

I bought a house recently as a rental property. I used the realtor to find a tenant in order to fill quickly. The agreement was 84% of the 1st month rent was to go to the agent ($1600 month/rent, $1344 to realtor). Th...

The biggest issue will be the collapse of the Dollar after this admin. All the trillions the fed will have injected into the economy to keep it afloat will cause massive inflation for the next admin. The New York Fed ...

I know part of maintaining a corporate veil (LLC is my case) is to make sure you don't use business funds for personal use, but is it ok the other way around? i.e. using personal credit cards/bank accounts to fund bus...