Michael Wentzel
tracking expenses for each property vs portfolio?
Hello everyone,If you have a portfolio of single-family properties, do you always have to track the income and expenses by property?I'm pulling together my numbers for my partnership tax return and it is a pain. We ha...
Joe Koppel
Bookkeeper, or accountant or CPA...what do I need?
Hi I sold my house and have a sizable bit of cash and want to start buying residential rental property in Texas. I live in San Diego, CA. I am just small time and will just buy one at a time.My question is how do I ke...
Eric Carlstrom
First-Time STR Buyer --- Feedback / Guidance Requested
Hi all,I have a few long-term rentals and am exploring a STR for the first time, and am seeking guidance / advice on my expected expenses (and ideally what i'm missing that i should factor into my calculations). Part ...
Mark Torrefiel
Recommendation for software
Hey everyone! Just closed on my first triplex in San Diego three days ago. I've been looking around Google the past few days and can't decide on which rental software to use. I must have looked at dozens of videos, bl...
Eric Lee
Bookkeeping for first rental property
Hi All,I got my first rental property (SFH) under contract and am now working through the process towards closing. I'm excited about the opportunity, but want to make sure I'm prepared for everything that's about to ...
Richard Michael
TAXES - Turbo Tax or Professional?
I am looking for a good tax accountant here in Phoenix, Arizona.Last year after talking to an older couple who are RE investors with over 10 properties, they gave me the confidence to use Turbo Tax. I have a pretty go...
Andrey Y.
QBI deductions - Tax considerations for K-1 syndication investors
Doing my taxes now. Have about 9 K-1s as an LP in syndications. I am able to put in all the info in the numbered Boxes, and at the very end, it asks me if there is a "Z code" in Box 20 (the first two syndications I ...
Jeff Ronningen
Accounting Software
Long time reader, first time poster. I'm building a portfolio of properties, have 5 currently which total 14 units. I'm about to form my second LLC. I plan to keep growing and will probably create more LLC's. I ha...
Mindy Perry
property management software and 1099 K
Hi everyone, just wondering what your experiences are on receiving 1099k form from using a property management software to receive online rent payment. I am thinking to switch to online rent collection from receiving ...
Kyle Daniels
In Need of a Book keeper for 11 properties/14 doors
Looking for a book keeper who is well versed in investment real estate in Missouri. Series LLC in MO files as a C-Corp. We have 11 properties, 14 doors (8 SFR 3 Duplexes). Been keeping the books in Excel since creatio...