Champ Leong
Credit Cards are an investment???? lol
Credit cards are an "investment"? EMPHATICALLY, YES! This literally just occurred to me in the shower. I pay off all my balances each month. I earn up to 5% cash back on my credit cards. THIS IS A STREAM OF INCOME. I'...
Andy H.
Does your property manager pay you personally or an LLC?
Right now we have a separate business checking account (a sole proprietorship) for receiving payments from our property manager. However, I read a post (which I can't find anymore) that seemed to suggest it was better...
Lauren Pedro
General Journal Entry Sale of Property (Fixed Asset)
So I have a settlement statement where we sold the property. I know that we took a loss on it but I am having issues with the journal entry. So we sold the property for $1,050,000.00 and bought it for $1,220,000.00 ...
Dom Radcliffe
W9 or not for AirBNB cleaners?
Do we need our cleaners to complete W9 if they are independent contractors and prefer payment electronically via Venmo or Paypal? I read that for payments processed electronically (credit cards, bank transfers), we do...
Rita Lo
How to organize finances when renting property
Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...
Ran Iarovich
What are the closing costs that buyers and sellers pay. Is it different per state?
I was wondering if you had any input as to the closing costs that you typically conduct deals with and charge buyers and sellers.Is it different based on the state that you operate in?
Justin C.
simple bookkeeping question - credit cards
If I charge $500 at Lowes for supplies and list the entry as a supplies line item, then where does the credit card payment go? Can't wrap my head around this one.thanks in advance
John Newsom
Note business accounting question
First year in note investing and looking forward to end of year accounting. I trying to find a CPA, preferably, in Gainesville, FL area and trying to have some screening questions to ask them.Background: l purchase...
Seth Kitchka
New to Buildium, experienced PM software users come on in!
Hi all,I signed up with Buildium and was hoping for some advise or tips from experienced Property Management software users. I only manage my five SFRs, nobody else's. I decided to start using Buildium now to stay ahe...
Jeremy Dugal
Quickbook Tenant Payments When Management Fees Have Been Deducted
Hello. I will be using Quickbooks Desktop for my 2018 booking keeping on long term rental properties. I am learning how to use it and practicing and am having trouble with a specific scenario.I receive payments via ...