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...

Do most landlords provide residents with refrigerators in there units or its more of a tenant responsible to purchase one?

ms-qNaEOj.gif

My first BRR. I get a D on reconciling contractors’ conflicting estimates and invoices with budget.

Hey Gang,I just had a renter who's lease was set to end on June 30th, send me an email on May 20 of their intent not to renew.  I had my property manager start finding new tenants and he was scheduling showing the pla...

How do you make purchases and manage receipts for your rentals?

I invest out of state in single family rentals.  Since I am not there, I ask the contractors/handyman to help me take before and after photos of the job.  I want to be able to have a record of the work product so that...

Hi all...Thank you for all the help you’ve contributed on this project...This will definitely be a victory for the BP community when all is said and done. Here’s the situation:I got the inspection report back and have...

So I have a student rental (Temple University) with 3 young men living in a 4 bedroom/2 bathroom house. I've been managing this rental with them for the past year and a half. They are good nice kids, but they don't kn...

1) Buy Supplies in Advance (to increase expenses and offset income)
How much disposable equipment do you expect to use in 2021? Order it now so the cost is deductible in 2020 if you need to offset income. Buy what yo...

I have an ADU next to my primary residence and often buy things for both units. I'm using Stessa and looking for the right way to record only the business expenses.Here's what I'm doing:1. Enter an inbound "owner cont...