Julia Bykhovskaia
Accounting/Bookkeeping for your STRs - what do you do?
Since I am very new and green, I'll continue to crowdsource insights/ideas. How do you keep track of your expenses for each property? I want to be able to have separate P&L statements for each property. I am think...
Josh Dehmlow
Quick question on RE LLC compensation for member doing the books,
OK, probably NEVER a "quick" question and answer concerning tax, $, etc. But I will try to make it simple. What is the simplest way to compensate one member (of a 2 member-mamged 50/50 LLC that has a couple rentals) f...
Max Emory
Take a Hard Look at Your Expenses to Increase Cash Flow
For some, the easiest way to do this is to go through the past 3 months of bank and credit card statements and mark each expense with a letter or highlight them. I got this method from the Profit First system. (They m...
Robert Stamper
Expense Tracking Software or Spreadsheets. Best Solution?
Hi All, My Wife, @Sarah Stamper is a flipper starting on her second property now. She does all her flips in a single member LLC to keep our taxes nice and simple. I was planning to get her set up with QuickBooks a...
Kyle Stewart
What program/spreadsheet do you use for income/expenses?
We have a duplex and a PM taking care of both sides while we work over the road. What software/spreadsheet do you use to track expenses and income? We don't have a LLC or anything, but want to take advantage of tax sa...
Matthew W.
Bookkeeping and category help
Hello, We are a property managing company that rehabs and rents our own properties. I am confused when I comes to the categorization of some items. First Repairs/Maintenance and capital expense, from what I found arou...
Bryan Christopher
Rental income/outgo template?
Hi all...I'm looking to build my own rental template that's very general to help me quickly run numbers on potential properties. FilePlace has some great forms... though all a bit more advanced and as far as I can see...
Michael Santorios
Keeping Track of Deals
BP's, I've searched the documents section and there doesn't appear (or I can't find) a simple excel document for "tracking". I simply want to keep track of the deals submitted where they are (i.e. rejected, waiting f...
David Stone
Method for tracking income/expenses
Hi, I was wondering what people used to track the income, expenses, late fees, etc for their rental properties. I have 5 units currently and am using a word document I created to track everything, but it is getting q...
Chase Champagne
Spreadsheet to track income and expenses
Hello all,I am new to real estate and have just purchased my first rental property. It is a simple single family home where I am renting out to 4 single tenants. I am looking for a simple spreadsheet that can help m...