Tarcizio Goncalves
Stessa vs the competition
Hi everyone,
So I just purchased 2 properties and it is part of a portfolio loan. Its 2 properties in 1 single loan. I use Stessa only for the tracking feature (transactions). I have no need for the rent collection ...
Michael Plaks
EXPLAINED: "Real" cost segregation vs. DIY cost segregation
When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee? Before we explore this question, an important re...
Leah Fisch
Best way to deduct early business expenses?
Working with @Mark Updegraff and getting ready to (hopefully) purchase my first investment property.My plan is to purchase and THEN put the property into an LLC.What is the best way to track and later deduct business ...
Daniel Detoni
New Member With A New Way of Property Management
Dear All,My name is Daniel Detoni, I'm the Director of City Operation and Business Development of Lodging Home. Lodging is a pioneer rental management and concierge agency in Miami. Our operations and services are bas...
Michael Cummins
Bookkeeping Software recommendations
Hey guys,I have been using a spreadsheet that I have customized to do what I need it to since I started buy and hold investing. Now 10 in, I'm finding that a lot more cumbersome than I used to, and think its time for...
Ryan Moran
Accounting for a dummy - how do I keep track of my first rental?
Accounting dummy here. Not that it's any excuse, but as a young guy with very few expenses I haven't felt the impetus to keep track of my personal finances in any way other than the resources provided through my onli...
Natalie Cloutier
Best Property management & accounting software?
We currently only have 14 units so we don’t want to spend a tone of money on software yet but I know some people might think it’s worth it to start with the best software now to support you as you grow? I dont know lo...
Andrew L.
Storage Facility New Construction
I am looking at constructing a 200 unit boat and RV storage facility. This will be our first storage facility. I was wondering if there was anyone out there that could help me forecasting numbers. I feel pretty confid...
Raymond Shoe
Help with maintaining LLCs
Anyone have tips on maintaining LLCs? We created an umbrella structured an LLC with Anderson Business Advisors. Their monthly service is quite expensive and we would like to detangle from their services and manage the...
Aaron Rosenberg
Help! I have a tax bill and not a refund for the first time!
I'm not sure if I've succeeded or failed. This is my 8th year using TurboTax. I put in the Schedule E's for my two completely-owned properties and for my mortgaged property. I put in my W2 and my wife's W2. The so...