Ginger Lu
Real Estate Professional Status
I am a stay-at-home mom taking of two kids and hubby is a high W2 income earner (we are in the highest tax bracket). While searching for the tax optimizing strategy, the real estate professional status seems attractiv...
Aaron Vargas
Accounting software for starting out
What suggestions do you have for good accounting software starting out for keeping the books on investment properties? I would only have one small investment property (6-10 units) for now. I love a good spreadsheet an...
Dominic Ruegemer
Building Property Management
Maybe this is a Stupid Question.....As a Property Management company, how do you handle the money? Do you collect it, take your fee( placement/monthly fee), and then give it to the owner. Or do you bill the owner?Also...
Kevin Howard
Best Practice For Collecting Rent
Hello BiggerPockets, I have a question in regards to collecting rent... I own a handful of rentals and find myself wasting time between the 1st-5th of every month collecting and depositing rent. We've always had the t...
Account Closed
Contemplating escrow co start-up. Questions.
Hello Fellow Bigger Pockets Friends:
I just went through a transaction in Newport Beach and had escrow fees in excess of $15,000. It gave me the inspiration of looking into an escrow company in Southern California. ...
Hosanna Jones
QuickBooks
I would like to hire a bookkeeper to set up QBs for my business. I have 7 properties and 22 tenants. How much should I expect to pay for the service? What should it include? What will I need? How long should it tak...
Lance Jorgenson
Property Manager or Self manage?
I am interested to here if you Self Manage or have a property Manager manage your properties & Why you decided to do either or? Me personal I have a property manager run it mine. I don't have the time from my norm...
Kristen Ray
Building a solid offer letter
Hello,I wanted to know from experienced investors how do you develop a solid offer letter without the use of a real estate agent? Is there a particular program/software/template you use? This is a skill I would love t...
Josh Vaughn
Any good Landlord apps out there?
Hello, ive been using ez landlord forms for about 10 years. what else is out there? I like the e signature on the leases they have but is there anything else that also allows Tennant's to pay with credit cards or jus...
Oleg Gorenko
Depreciation of a house rented once for several months
I bought a house 5 years ago. Did a lot of DIY home remodeling for 3+years.Finally I rented it for 5 months last year.Preparing tax return using FreeTaxUSA. 1. Should I put things like a new Rug, broken table and brok...