Kristen Caccavo
Quickbooks help for property management entity that receives rent
I have a property management entity that receives rental income from tenants in its bank account. The property management entity then pays the rent over to the LLC that owns the rental property. What category of quic...
Dustin DuFault
Virtual Assistants & Quickbooks
Hello All! I need some advice from folks that have been working with a virtual assistant. I am in the process of selecting one to handle my accounting -- both for my real estate, which I currently have setup in Quickb...
Account Closed
How do i record a loan payment in Quickbooks?
As a note holder, when I receive a note payment from my loan servicing company it is net the borrowers loan payment minus the loan servicing fee. How do I record this in Quickbooks?
Example, the loan payment is $100...
Andy Johnson
Software and ACH Setup
Hello, My husband and I are starting a property management company in the Jupiter, FL area. We have one owner and one tenant so far and we are currently setting up Buildium. I am just curious how most structure their ...
Reece Teramoto
Third party account to disperse payments to contractor?
For a particular lender that I'm working with, they are requiring me to pay rehab funds at closing so that there's a better paper trail of the funds. However, my current issue is figuring out how to disperse the funds...
Kevin Galus
Accounting (Property Mgmt) takes fee from deposit
All,I need some guidance on how to account for the following in QuickBooks:I use a company to find and place tenants in my properties.They charge me ½ of the deposit fee.So here is the issue. I actually never write a ...
Christian Rodriguez
Can i take out all of the money out of a 401k account ?
Still working on finding my first deal but luckily have found my market ! Now i have been tasked with helping my mom invest the money in her 401k account, I was wondering if there was a way to be able to take out 100%...
Account Closed
Using Offshore Companies for International Investors
In the last few years I have been fortunate to have a number of international (non-US) persons invest in real estate with me.
One of the biggest concerns that international investors have is the tax burden that exis...
Himanshu Singh
Tax advantages for STR/Airbnb owners
Hello All, Quick question to see what others are doing for optimizing tax advantages for STR. Background:We got a second/vacation home during the pandemic and now its ready to go online as an STR in the Russian River ...
Account Closed
Another Entity Question
Hi BP Family:I apologize in advance if this question has been answered in previous posts. I did several searches, however the results seemed to be fairly scattered and I wasn't able to find an exact answer to my situa...