Dana R.
Other landlords rejected applicant- Is there something wrong?
I have a applicant who's pretty eager to rent my place because several other places have already turned him down in favor of other applicants. I think the applicant has been looking for at least two months since he ha...
Keith Hoffman II
Tax Deduction for Rental Property Mortgage Interest
My accountant told me that b/c my income is over 150K, the interest paid on my rental property mortgages are not deductible. I would only be able to claim these ductions if my income falls below 150K or when I sell ...
John Sampson
Self filing taxes for small property management company
Hello, let me start by admitting I know I should have had an accountant do my taxes! I have a single member LLC for a property management company. The company collects all rents, so I have 1099 MISC from several agen...
Kenton C.
Tracking Rental Property income and finances
How do you guys track rental income from your properties? More specifically, do you put it into a bank account (savings or checking) that is specifically for your rentals? What are the disadvantages/ advantages. I onl...
Edward Mccracken
Is Buildium a full service accounting program???
So this might be a complicated question but those know their accounting / bookkeeping well, should know this… I’m getting conflicting answers between my accountant and bookkeeper. The problem is convincing my VA boo...
Dirk Richmond
Looking for cash out refinancing - 50%+ equity after loan.
I'm trying to borrow 75K on property worth 150 - 170K but things have apparently gotten so tough I'm having trouble getting approval. Property is on Gold Coast of Chicago, rented below market and still cash flowing...
Kim Hopkins
How to Factor Expenses from Reserves into Cash Flow Statement
Hello! I'm going nuts here trying to figure out how to properly set up a statement that shows my cash flow. In particular, we have a reserve (escrow) account that we put money into each month the year before to cover ...
Akash Y.
bookkeeping service for short-term rentals
can somebody recommend a bookkeeper for tracking all income and expenses for my Airbnb units. This is really becoming time-consuming and I'm looking for some help in this matter. Thank you in advance
Ben Volkman
Bank Account Set Up for Expenses
When looking at expenses related to a property (vacancy, HOA, utilities, PM, repairs etc), how is that set up within a bank account? Do you lump them into one account and then dip into it when a vacancy or other expe...
Rob Wilcox
Private lending Question
Hello BP,
My business partner and I are funding a short-term private lending deal.
I’m using a personal line of credit to fund the transaction. I transferred from this line of credit account to our business account...