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Looking for some guidance on Quickbooks as a REI who is only in the beginning stages. 1. Online vs. Desktop. In short, the benefits from the online version appear to be easy access from remote locations and having mu...
I'd like to claim a home office deduction (I've reviewed the details and I'm eligible). It's my first year with a rental property, and I did not have a profit (on paper), so I know that the deduction and depreciation...
Hi, I am looking for accounting software with some specific features. I don't know if it exists, but would love some feedback - do you know of a solution that does this? If not, how are you managing these issues?1) I ...
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15-30 year terms?
Should I plan on hiring a property management company?
Is there software to help you make decisions on property to see if it is a positive deal or not?
Anything else to add that is needed to know ...
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Hello BiggerPockets,Just joined as a Pro yesterday, and looking to dive in. This is my first post. Im not a writer / blogger, so please bare with me and my not so perfect 'righting' lolMy question to you is what do yo...
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My husband and I have 20 doors so far which is great but I have no background what so ever on how to do bookkeeping, finances, excel, etc. Is it worth it to take some property management classes ? We’ve obviously lear...
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Hi all!
I am a licensed Realtor in the state of NH & ME. I am currently in the process of starting a side business doing property management. This all started with a buyer client of mine who purchased a few inve...
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I have a short-term rental property and a long-term rental property. Right now, income and expenses are coming out of one account for both properties. From an accounting perspective it seems to be working ok, but is ...
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Has anyone had any experience with either or both? Which did you like best and for what reasons?I'm currently looking for a platform to track business expenses for tax purposes.Thanks for the advice! - Marshall
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Hello! It's the TAXING time of the year! And starting 2023 off and runningAsking for your opinions about your favorite (or least favorite) accounting software programs other than QuickBooks. This has been a common t...