Chico Ford
Accounting System and Processes for Managing Multiple Parks and LLCs
We have 8 mobile home parks we are managing that are all in separate LLCs. What accounting system are you using to manage the parks? I'm interested in a complete management system that provides a balance sheet, prof...
Charles Mangum
Should I try to minimize losses if I phase out for most of them anyway?
I have a loss on a single rental property of about $3,500. Because my MAGI is $150k the loss is phased and I am not able to reduce my income by the loss. If that's the case should I not include all of the expenses t...
Jack Perfett
Best Way To Manage Finances For First Property
Hello Bigger Pockets Philadelphia Community! Let me introduce myself. My name is Jack Perfett and will be moving out to Philadelphia for my first job out of college in May. I have been studying any source of real esta...
Ken Keati
I need a software for accounting rents and expenses
My situation is this, we have 14 units, one duplex and the rest are standalone single family homesWe've been buying places and rehabbing them We need software to keep track of it all... the expenses.. and the rental i...
Mary lou L.
Holding deposit in Texas
How does a holding deposit work particularly in Texas.We have a prospect, a teacher moving into town. He said they are looking to move Mid July.The house isn't quite ready but is projected ready to move in by June 15t...
Demetrius Charles
Accounting software for real estate investors
I am a newer investor. I have now started to purchase property in my LLC. I received a recommendation form another investor to use Quicken. So I went ahead and purchased that. Did I make a mistake? Everywhere I l...
Steve` P.
Enforcing Lease Assignment Agreement
Just purchased a property that came with Tenants( I know bad idea from what I'm reading) at the end of Aug 2014Before Purchasing I had the seller's closing attorney draw up formal lease assignments, send over copies o...
Mike Costanza
Quickbooks or Buildium? I need advice.
Can anyone lead me in the right direction here: I am beginning to manage some of my fathers properties and we need to know what is the best software to record income and expenses.
I am familiar with quickbooks and ...
Matt Sora
Renting from your LLC
Is it possible to create an LLC, Buy Properties and place them in it, then rent it yourself from your LLC? What would be the benefits from this?
Soh Tanaka
How to receive rent in QuickBooks
I always used "Make Deposits" or "Create Invoices" to receive rent in QuickBooks, and it was all good. Now, for the reason I don't understand, when I create a report called "Transaction Detail by Account," (which is o...