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I have zero experience with running a business, or bookkeeping. Does anyone have any good resources on bookkeeping for real estate investing?
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Hello Friends! As a brand new investor I own two portfolio's totaling 11 properties consisting of 19 & 16 Units. Both portfolios are owner financed and in two different LLC's. I am self managing for now as I want ...
I'm not an investor - yet. But I have a question that's bugging the heck out of me. I live in Michigan, nice middle class neighborhood. Everyone takes pride in their home's appearance. There is one house at the...
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It's almost that time of year again... No, not the holidays. I mean tax season! I've been an excel bookkeeping person for a while but I think it's time to level up now that I'm doing my first BRRRR. I'm planning to ge...
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Good afternoon,I manage quite a few multi-family properties in Chicago and keeping track of utility bills across all properties can be a hassle. While tenants pay their own electric and gas, keeping track of multiple ...
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I have a ton of questions, but first and foremost the situation Is that my wife and I will be managing this 4plex ourselves. we also have more units we wIll be purchasing and managing before the end of the year.
Prim...
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Hi,Im in the process of closing on my first deal and will try out managing the property myself for the first year. What software do people use to manage the bookkeeping? Excel? Quickbooks? Or is there some other prog...
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I have been adding quite a few units lately and my number one problem is tracking rents and when them come and what amount. I have many tenants who pay themselves and are paid before the due date via check in the mail...
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Hi everyone,
I am wondering how you guys are doing accounting and bookkeeping for your rentals, doing by yourself, hiring bookkeeper or hiring accountant? I am currently managing the bookkeeping and accounting mysel...
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Most DIY landlords are not accountants; however they would like their financial data accurate. How can the software communicate debit and credit to the non accounts?