Keith A.
Managing Expenses Outside Property Management System
I switched from managing my properties myself using a property management software to going with a property management company that uses their own software.The challenge I have is that all of the detail on repairs and...
Stephanie Sicard
Should I use Property Management Software ?
I am a newbie investor and I will be purchasing my first triplex in a few months through an FHA Loan. Do you think it is necessary to start using property management software or could I use spreadsheets to keep track ...
Justine Scheuher
$1200 for a CPA a reasonable amount for W2 and small LLC?
I used a CPA for the first time and just got my bill $1200. I am a W2 and have LLC with 2 properties that I've kept good records for. My return was only for $1,200...
Rosy Bruno
Bookkeeping for a newbie - what do I do??
Hi everyone,When first starting out, what did you do to keep track of your expenses, revenues, receipts, quotes, numbers, numbers, money, money, etc...? What software or programs helped you the best? Also, what were s...
Alex Gronbach
1031 Exchange & Section 121 Questions (TX/CA)
Hi BP!
I’m in the process of selling a property which I lived in for two years when I bought it in 09/15 and then have rented out since 01/18. I currently reside in CA, and the property is located in TX. I am selling...
Jimmie Dickey
Decpreciation Recapture and Capital Gains on a primary converted
First, thank you all for taking the time to answer the questions that come up on here. I know some are repetitive. We may be relocating soon and I don't want to be in this rental market from a couple hundred miles awa...
Chris Sukala
Which Choice would you choose?
Currently my wife and I are looking at 1 of 3 different options. We are setting up appointments soon to walk through after the first of the year.First option I personally like, is a SFR close to our other 2 rentals t...
Horacio Gutierrez
Calculating taxes with capital gains tax
Hello On a high level view how is capital gains calculated in regards to taxes as well ordinary taxes. Do you first get salary from work for the year and make some standard deductions and then see what ordinary tax br...
Sean Britt
Help Understanding Depreciation and Improvements
I am trying to understand how depreciation is calculated with respect to improvements. Please correct me if I am wrong, but my understanding is lets say I have a property I purchased at 200k. Lets say 50k is the value...
Account Closed
What is the best way to scrub list?
So I was wondering what would be the best way to scrub these list that are most effective? This goes for any list, code violations, tax delinquents, etc? I was thinking of using a property list manager software but if...