We were given possession of our rental at eviction court. Tenant (ex spouse) paid a huge deposit including 3 mos rent + 2 mos deposit. The 2 remaining months rent will be used for her final 2 months (Jan-Feb). Tenant ...
As a note holder, when I receive a note payment from my loan servicing company it is net the borrowers loan payment minus the loan servicing fee. How do I record this in Quickbooks?
Example, the loan payment is $100...
Hi BP Landlords!I own a SFH rental property. Two female friends applied together, a Nursing Student and a Grocery Store Manager. Student has pretty good credit (650), Grocery Gal has no credit history and is building ...
We need a new property management software and need suggestions please. With managing 300 apartments with Buildium, at $300 a month, is too expensive for just keeping track of the income side and running a couple rep...
We are getting ready to buy property number two, and possibly number three in the next couple of months. My wife feels like we should have a bank account for every single property we own. I guess that is fine with 2...
My CPA recommended last year that I purchase Quickbooks for my business, and if I sent his firm the chart of accounts for my business, his bookkeepers could log-in to my account, post transactions, balance accounts an...
Hello BP, I'm rolling my old employee 401k into a Solo 401k with the help of @Dmitriy Fomichenko Sense Financial Services. I'm keeping all the different balances in separate bank accounts. I don't have a CPA so wante...
Is there a way to defer some rental income into some kind of retirement account when retired?
Lets say someone was able to live entirely off savings for a year, could they somehow put their rental income into a defer...
I am a new landlord and my rental bank account is just starting to gain a little momentum. I keep it separate from my personal accounts. Apart from keeping what I need as far as mortgage, taxes, insurance, and cushi...
So I'm still in the learning process of real estate investing and this question randomly came to me. For those of you who currently have property and have (rental) income generating from it, do you have separate bank ...