Hi BP members, am hoping the brilliant minds here can help me out once again. I did a search in the forum on bookkeeping and only three questions came up on bookkeeping none of which got a reply so here goes the fourt...

I have a rental lease for 1 year which is up 11/30/17.  The tenants are fighting over various things and they plan on not to renewing the  lease.  One tenant says the entire deposit of $750 is his and wants me to retu...

Hello, I was wondering how many here track their deal research by spreadsheet. I've been doing it by hand and think it's time to change it up. If you have any suggestions please let me know.Thanks

All, In talking with various investors, I understand that in certain states security deposits must be maintained in cash, cannot be invested, and accounted for in a separate account.  Thus this would tie up tens of th...

Hi BP Members, My name is Michael Thomas.I live in Aurora, CO. I am currently full time employed as a software engineer.My experience with real estate involves buying several homes that I have used a my primary resid...

I currently have 3 properties ( 6 doors). I currently keep all the money in and out in one bank account. I do not have an LLC. 
I am going to continue to acquire properties and and wonder where to start. Should i cre...

Hi, I'm working on the balance sheet for my rental (multi-member LLC) and need help. Rental bought in 2023 and initial return.For assets - Cash, depreciable assets less accum deprn, landFor liabilities - Open credit c...

I am a first time landlord. After moving out of my townhome and then working my butt off for the 48 hours to get the unit ready before the tenant move-in I forgot to give them the Conditions of Premises form to fill o...

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.
This provision allows taxpayers to expense certain qualifying assets upfront instead of dep...

Hey Landlords. Maybe you've seen this article floating around the Internet this week about the tenant whose landlord sent them the rent in an editable Word Document, so he slipped in his own clause.Now, this is funny,...