Suhaib Rehman
Intelligent automation in the multifamily deals
Good day everyone, I am fairly new to multifamily real estate investment and learning this trade. It is quite complex and heavily manual and opinionative (a lot of decision comes from intuition). Being an engineer, I ...
Marcus Auerbach
20% deduction for rental income!
This came out this morning from the National Association of Realtors!Tax Win: IRS Provides Clear Test on How 20% Deduction Applies to Rental Income, Exchanges The Internal Revenue Service has issued final rules on t...
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Looking for RE investors to give feedback on S/W
Hi,
I am looking for Investors that have done their own tax returns Schedule E, Form 8824 (1031 exchange), or Form 4562 (setting up depreciation schedule for their property/asset). Or have used an accountant but woul...
Amanda Young
Do you have a separate bank account for each property?
Closing on my second rental next week! And in setting up all the paperwork, I'm wondering what are the pros and cons of having one bank account for all properties vs. having separate bank accounts for each. The main ...
Chris Manteria
Portfolio Management Software - Not Property Management - to Replace Stessa
Hi Everyone,
Thank you in advance for all of the help.
I've been diving into portfolio management software lately. I've been having some technical difficulties with Stessa and it has been driving me nuts.
I have m...
Jesse Vipond
Setting Up QuickBooks Online For Rental Properties... HELP!
Hey BP Pros!My partner and I, through an LLC, purchased our first two multi-family properties last year (one in April, the other in August), and I'm just now trying to get QuickBooks Online setup for our business. I'm...
Steve Fitzgerald
Operating Expenses vs Journal Entry
This might not be the right forum, but I thought I'd give it a try. I'm keeping my own books for now. For those of you who are keeping your own books do you typically count your principal, interest, and escrow as oper...
Kyle Curtin
Use 1 CRM account for multiple projects, not multiple accounts!
Happy Friday guys! Friendly piece of advice when using a CRM for anything, don’t make multiple accounts/databases for different projects. Try to use one account, and just use different “tags” or “properties” within th...
Jordan B.
Which computer program?
Hello! I am just starting out in but and hold investing and trying to figure out the best computer program for bookkeeping, tracking rents, expenses, etc. Initially I was going to use quick books but have read about...
Ronald Bowser
Property Management Inventory Tracking
Hello BP,We are currently trying to come up with an accurate, yet cost-effective method of tracking inventory we stock on our trucks. This includes regular items needed in order to repair and maintain rental properti...