I have received an income statement on an apartment building I am looking at after requesting the trailing 12 months Income/Expense statement and rent rolls. All they gave me was for October, 2018, but it does have a...
I recently had an offer accepted on a single family property in the Pennsylvania area. It took a little while for my lender to find a appraiser to go out to property. They said it was due to the COVID pandemic When ...
I recently purchase my first house and I want to rent the extra bedroom. I have more questions than answers right now so any advice is welcome. Below are a few topics I could use some help with:- Recommendations on w...
Hi Everyone, I am currently on my first short term rental/ investment property. My wife and I are doing our own renovations. I am looking for an accounting software to help me track my expenses. Home Depot, hardware s...
Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...
Being new, I only used a screening company once - RentPrep and I wasn't thrilled with it. Which do you use? Someone once texted me a report that had the top cut off, so I couldn't see the company's name, but it was...
I have decent credit but wanted to gage some opinions on credit repair services. Better credit can't hurt when you are approaching your first purchase. but i wanted to know the pros and cons and just some insight from...
Im currently using a basic Excel spreadsheet to keep track of my properties and tenants. My file is detailed but not enough. Im looking for a software that can help me better manage the finances as well as tenants for...
Hello, I am learning about real estate and I think my first step into the world of real estate and was thinking about getting a traditional FHA loan and then heard on the podcast about something called a 203k loan. I ...
Hey BP!
I'm diving into QuickBooks Online for the first time and could use some guidance. To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ug...