Tish Hall
Obtaining accurate expenses
What’s the best way to obtain accurate expenses from the seller for repairs and maintenance of apartment buildings (6 or more units) when it’s apparent that expenses should be higher? I notice that listings tend to s...
Owen Schwaegerle
Small self storage facility software
Hi everyone!I'm curious to learn from people who have invested in small self storage facilities around 30-50 units in size. Have you found a cost effective software that can help you automate and run the business? Doe...
Graham T.
Accounting Software HELP!!!!
Hello, Newbie here. I read several previous posts on this subject and still can't come to a conclusion. I have 10 long term rentals and two short term rentals. Looking for an accounting system that is easy to use, acc...
Yangyang Jin
Is my HOA outrageous and is it worth to consider suing them?
Hi everyone, I would like to get your advice on how to deal with an outrageous HOA issue I am facing right now. I own a unit in cental NJ, and have been a owner for over 10 years now, always good with HOA payment, not...
Gary Sowell
Quickbooks for owner rental properties
I’m setting up quickbooks and trying to figure out how to record a few things.
-Rent do I set the up as a bill or invoice?
-when the renter does not pay so I have to pay to cover the mortgage payment how do I record...
Caleb Gray
How best to split out Water and Gas to Invoice Tenants
Hello all!I'm looking for my first property (live-in duplex, triplex, or fourplex) and after running the numbers, I found one that cash-flowed pretty well for a reasonable price at conservative estimates (plus my wife...
Debasish Bhattacharjee
Rental repair invoice without tax id - is valid for tax return?
I have a rental property improvement invoice with no tax id. The handyman refuses to provide his SSN. The worth of repair $5.5K. Is the receipt valid for next year's tax return in California?
Ryan Moore
2 new Heaters, Invoice has just 1 big price on it
Hi. After I closed on my new 5-unit property this past december, I had to replace two heaters that were at their end of life and malfunctioning. The total cost was $9,900. I just realized that the HVAC company did ...
Andrey Y.
House cleaning bookeeping
Hello all,Is it necessary to obtain receipts for house cleaning of rentals ($60-$100), or is it sufficient to just make note of the dates it occurred? In my experience most of the cleaning folks/services do not give r...
Carlos C.
Deposit Return Issue
Hi Guys! So, I have a question and hopefully you fellow landlords can guide me in the right direction.
I have a Unit in a duplex in Sunrise Florida that the tenants just moved out. I assessed the damage and texted th...