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...
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 ...
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...
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 ...
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...
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
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 ...
Hi BP,
I'm new to REI and looking to build my team per the Ultimate Guide. Does anyone have a recommendation for a great accountant in the Silver Spring, MD/Baltimore area?
Thanks!
Alison
I don't own many loans but I need a more structured way of tracking payments and escrow accounts. I need report-writing capability to issue statements and 1099's. I just need the tracking software not any other bell...