Ry Dill
How do you keep your books?
Hi guys,
Been lurking here for quite awhile and I thought it was time to tap the collective BP wisdom. I'm currently trying to find a method/platform of accounting for my 5 rental units. I've been using Quicken, bu...
Bobby Walters
Excel File for managing P&L, expenses, etc across a small portfolio of properties
Hi - I'm a relatively new investor and am looking to get my accounting in order. Does anyone have a spreadsheet or other tool the could share that you use for tracking income, expenses, P&L, etc for your properti...
Crysta Webb
Curious peoples thoughts on Detroit, MI for an IP?
Curious peoples thoughts on Detroit, MI as an out of state investment property for long term SFR?
Eric Jackson
Possible Short Sales Scenario? Armslength, Seller eval?
Looking for the BP community's feedback on a couple topics in the short sale process, specifically related to a property I'm working through.Here is a little context to the situation. Seller is my father (please cont...
Cristobal G.
BOUGHT MY FIRST RENTAL!!!!!! Now Bookkeeping???!!!???
So I bought my first rental in Kalamazoo, MI. It's a SFR which I will be living in one room and subleasing the rest of the rooms. Tenants/roommates will be paying my mortgage and I will still have an extra $200 left o...
Tom Fenoglio
CPA & Attorney referreal for out of state investing
I will be investing from out of state (I'm from Argentina). I'm looking for an attorney and a CPA who could advise which direction to take with the LLC setup.
I will be investing:
Real estate - I will buy 1/2 renta...
Sam H.
Proper Accounting Advice Needed
I'm trying to clean up my books and need help resetting my balance sheet - I believe I need to go back in time and essentially reset the initial entries. Basically, if someone can tell me how to set up my books starti...
Brian Orr
I'm horrible at Accounting!!
And taxes!!I'm developing my strengths in estimating and budgeting, but I am so bad at keeping track of everything! Spending more time with my accountant trying to figure last year than I am working on any deals this ...
Mindy Jensen
How do you collect rent?
Hey hey hey BiggerPocketeers.I'm doing a bit of research for an article for the BiggerPockets Blog.How do you collect rent? Checks, Venmo, other software (please name names) or something else entirely?Please let me kn...
Mark Forest
Capitalize or expense
I have brought this up on other boards, but I still am not sure of the answer. I am a landlord who has acquired some fix up properties which I will lease to tenants. I have not yet made any of the houses rent ready....