Hello, I just purchased my first duplex last month. What is your practices for preparing for tax season?Should I scan all receipts, keep in a folder on my desktop? or keep a binder of all receipts?Is excel good a goo...
My partners and I were just given a W-9 by the organization that pays our tenants rent. We have a DBA and an EIN however we have not officially formed the Partnership and filed paperwork with the state (Maryland). We ...
How do you all save your rental property documents, handle receipts, and generally stay organized with your paper work? I feel that I am decently organized but use a combination of saving documents on my computer or G...
I have a client who is just starting out investing in rental properties. He’s super old school and likes to book keep everything- any suggestions on landlord/property book keeping books for investment properties?What...
Greetings BP Family I am seeking advice on establishing an efficient process for keeping tabs on accounting. Our business is anticipating doing about 3-4 flips this year, so we are not expecting overly complex books. ...
Hi everyone,
At the end of July, my girlfriend and I successfully purchased our first house hack! I am now looking for advice on how to structure my bank accounts to properly separate my personal expenses from any ex...
What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?
Just a heads-up for those managing your own Adwords account, or those who have agencies managing their Adwords, Google is rolling out a new update that removes the right sidebar ads from the Google results page, and i...
I am hearing for taxes, financing, and legal organization that creating a checking account for each rental property is advised. I want to start organizing my self properly now as I am just begging. I am concerned that...
As a relatively new real estate investor I am learning a lot every single day. Some of this knowledge comes from other REI but even more is from trial and error. One of my biggest weaknesses is staying organized. I...