Kate Jones
Keeping track of taxes
Targeting all investors:
Taxes are important. You can write off a lunch conference and save lots. I’m targeting those who really keep track on the tiny expenses to the big ones on a daily basis. Even if you have a bo...
Frank Jiang
Just closed my first SFR Rental deal! Looking for accounting software.
Hello BP,I have been a reader of the site for quite some time but I have not yet posted. This week, my wife and I closed on our first deal: SFR in Memphis, TN with a 2-year lease tenant already in place.In my day job...
Nicholas Glatter
Taxes & Rental Income what to report?
Hey everyone.I’ve been reporting my rental income for the past year now so no issue there.But, my mortgage is 2700 and the rent charged to the tenant is 3250. Do I report the entire amount $3250 as income or just the ...
Zaid Badabwan
Accounting software for a flipper?
What is the best accounting software for flipping business? Are there options for a software in your computer, not in the cloud? Or may be a flipper does not need an accounting software, then what is the best way to p...
Eran Lifshitz
Software Tool To Manage Note Financial Balance
Hi BP Notes Investors!I am looking for a software tool to manage my notes financial balance (income & expenses).Currently I am doing that in excel - Do you have any better suggestions for me?Thanks,Eran
Shane Bishop
Best Accounting Software for Rentals
What are some of the best accounting software programs that you have found for handling the rental finances? I know Quickbooks is popular, but wanted to see if anyone else had some suggestions. Or if there was a good ...
Ben Breuner
How to handle accounts/taxes on a joint ownership property?
My partner and I are unmarried and just purchased our first rental property. We live in California, but the property we purchased is in Kansas City. We're working with a property manager and I want to ensure we get ou...
Michelle Eisenberg
H&R Block/Turbo Tax vs. CPA
My partner and I live in the California Bay Area and just closed on our first buy and hold SFH in St. Louis, MO. We're still getting it rent-ready, but we'll hopefully have a tenant in soon. That means that for the fi...
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 ...
Brenda Hedges
Do I really need an accountant?
I've been doing my own tax returns for over 20 years. Last year in addition to my regular real estate transactions as a real estate agent, I bought and flipped a SFR. Normally, I use turbotax business and have found t...