I am doing my first BRRRR and I am trying to see how everyone is tracking their rehab expenses? Currently, I am using an excel spreadsheet to keep track of all my itemized expenses. For example, with the HomeDepot Pro...
I've signed up for mint two or three times in the past, and I've never stuck to it because I feel like there are some very basic things that I am just not allowed to do. I'm giving it another go since I've heard other...
For someone who is self managing a portfolio of rentals, any recommendation for bookkeeping books? I use REI Hub where all my accounts are connected and I categorize income, expenses etc. Most of the time the categori...
Hi everyone - Looking to pick your brain on what your combination of software that you use is for your real estate business, or if you could recommend any for me.Here is what I'd like to be able to do:- Import transac...
Hello,When reviewing expenses to my multifamily properties, there seems to be 2 types - maintenance/repair items and capital expenses. How do you guys track / categorize your expenses so when it comes time to sell, yo...
I've got a commercial property we just refinanced, held in an LLC. Part of the result of the refinance was extra cash. My questions seems simple but it is just evading me. As I am entering the transaction in my bo...
I have a few thousand addresses that I would like to categorize by property type. Is there a way to automically pull property types by address that wouldn't require manually inputting each address? TIA
I have the following situation. I have two properties, each in their own LLC. If I have an expense that's only related to one property, say a utility bill, than I can expense it under that LLC. However, sometimes I ha...
Hello,I met with my CPA yesterday and we discussed my rental portfolio and remodels completed on recently purchased properties.She asked whether these were repairs or improvements. Apparently you can deduct repairs, ...
Hello everyone! My partners and I closed on our first deal in Chester, PA and I have been fortunate enough to be in control of the accounting. We have decided to use Stessa and it seems simple, but I do have a couple ...