Hell all!Made the switch to QuickBooks Pro from spreadsheets this year and am trying to find out the most efficient way to handle the monthly workflow.Here is my first question. For properties managed with a property...
For those who know me or have read many of my posts, you know we have a couple of condo rentals. Yes, condos are not without their challenges, but I find most of those issues vanish if you stick to higher end condos a...
Can anyone recommend a good service for invoicing tenants for weekly vacation rentals and allowing them to pay via check. The reason I mention that these are weekly rentals where my friend doesnt need a tenant manag...
Hi,
I recently bought a house in detroit. The pre-purchase inspection listed a number of recommended repairs. My PM just hired a contractor to make these repairs and sent me an invoice that simply says "Upgrades City...
Hello,We have a general question about recording for tax purposes HVAC replacement in a single-family rental property.
For the scenario below - is there an option to deduct the expense (fully/partially)?
Scenario:
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I need to change windows in a 2 bedroom Condo.Just have 1 bid from one of the 2 big stores (HD and LW ). 3 windows, Florida requirements hurricane etc.. 6.000 😱😱😱😱😱 They say they are the only ones who can offer double...
Problem: Fire next door caused damage to our house.Solution: Hire company to fix house.Should and could have been just that easy, however as the process went along with this guy we grew uneasy and eventually backed ou...
I own a duplex in Milwaukee Wisconsin and Renters Warehouse is the property manager. I noticed they use the same company (Brew City Property Services) for all repairs and from my own property management experience, th...
I have a multiunit (6 units). The condo association is the worst I have seen. They don't send invoices for association fees and there is no web site to track account. Sometimes they just don't cash out the checks whic...
I'm still a sophomore when it comes to REI I have several properties in different states so I have different property managers. I've dealt good PM and decent ones. I finally hit a bad one, and that one was replace by ...