Nuhan Demirkan
Accounting
Hello,
I have 10 single family homes as rentals. I opened a checking account for each property to manage its rent collection and to pay its expenses, ie: mortgage, maintenance, etc. Each month I scrape these accounts ...
Alex M.
Multiple Entities (LLCs) in QuickBooks
Has anyone attempted to use one instance of Quickbooks for multiple entities, such as LLCs? I'm struggling to figure out how to best set this up, and do not want to purchase (or have to manage) two separate accounts.
Kelsey Vander Meulen
Program to Calculate Tax Savings in Deal Analyses
Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Dunn Dela Cruz
advice for best Software,financial tools, time savers!!
Hey BP need some pro tips and advice,End of March we will be launching our 1st mid term rental (traveling nurses), what software do you guys recommend for landlording tools ie. receive payments, keep track of financia...
Philip Sriployrung
Bonus Depreciation - Schedule E vs C
Hi everyone,I'm using a FreeTaxUSA to file my taxes. I currently own one rental SFR, purchased May of 2018. I did an online cost segregation study through KBKG. I was able to break out my depreciation based on the 5/1...
William Wright
New 15 unit building, best software for management
I have never used anything other that excel to keep tract of my properties. I am purchasing a 15 unit and it’s apparent that I need a digital upgrade. What is the best/user friendly program to use In this situation?
Jack Zhuang
Over paid in Tax return, what should I do?
It's that time of the year, I decided to do my taxes early this year and submitted my tax return last week. As I'm going through my rental leases today, I realized I forgot about a one month vacancy in one of my prope...
John Hodges
Sold my company
Hello all,I recently sold an online company I started 8+ years ago. After taxes I am ending up with roughly ~$6m. I am looking to purchase in cash initially and then refinance. I've been looking at multifamily buildin...
Kevin Siedlecki
Turbo Tax for Investors?
Does anyone with multiple LLCs and multiple properties in each use TurboTax?I have two LLCs with multiple properties in each, and I am pretty confident in my ability to enter the data myself after doing it with an acc...
Mil Sanghvi
**JUST BOUGHT A 10 UNIT APARTMENT BUILDING NOW WHAT???
Hi BP,I JUST BOUGHT A 10 UNIT APARTMENT BUILDING!! NOW WHAT DO I DO TO TRANSITION??I am closing on my biggest property yet (10 units) on October 15th. I am uncertain as to the exact steps to follow when you transition...