Hi crew,
I'm getting started with Quickbooks Online, and I want to set up my chart of accounts properly. How would you advise categorizing the rent payments received for my first residential rental properties (2 sep...
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...
Hi friends! What do you use for bookkeeping? I hear good things about quickbooks but I just want to make sure there's nothing better out there for real estate investors. I have multiple homes in multiple states all wi...
Hi, we are new real estate investors. We just purchased our first property. The tenants are accustomed to paying their rent to the old owner in cash. This will not work for us. We would like them to use some form...
Hi Guys!Briefly: what options exist for getting tenants set up for making online rent payments?Or, is it still recommended to have tenants mail checks?I have been out of the landlord game for two years now so I was ju...
I started using this online form to collect rental applications: https://www.elbowspace.com/FRHformexample158 Is there any legal ramifications by doing this ratherthan having them fill out a paper form and sign in per...
Our current Citibank pays 0.12% interest on savings in the money market savings account.Time to move cash out of that bank.Where do you think is the best place to park cash and earn more %. 100K for about 1 year.
i want to eliminate the "it got lost in the mail excuse of tenants" i want to have an account that is deposit only. i also want to have a note on the account, that any attempts to change the status of the account to i...
I have bought my first property, a duplex with a rental unit in the basement. Any guidance on the best way to manage rent income and receipts for the tenant? I know one property is fairly simple but I would like to tr...
Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...