John Clendenon
Web based accounting to track flips
I'm a private hard money JV lender looking for a web based site/program for tracking individual flip deals from start to finish. I looked at FreshBooks.com but that's more of an invoicing program. I want to be able to...
Andrew W.
Tax Question: Deduct Sales Tax on Roof?
I paid $15,500 total for a new roof on my SFR rental in 2016. In doing my 2016 taxes the invoice breaks out local and state sales tax (~ $1,500) on the roof. Can I segment it and include the tax portion on my SCH E ...
Kyle Curtin
Telling the story from the pro forma? 🤔
Good morning guys! I have been reading the Multifamily Millionaire Volume 2 from Brian Murray and Brandon Turner and absolutely loving it!
I just learned a really cool concept regarding evaluating the pro...
Alex Kovalenko
Property manager is charging a lot of extras
We just started renting our property manager - most rentals he gets from Airbnb - my only concern is every month he comes with various expenses - pillows, fixing sprlinkers , animal control, additional cleaning, a/c f...
Thomas Dionne
Telling a lender "no" when asking for receipts for rehab
I have bought my 1st property for 50k, put around 4k into it and appraised is for 94k (did appraisal on my own because i just had to know)I have like 4 people (out of 300 calls) already wanting to rent to own it that ...
Justin R.
How to setup Quickbooks for Personal Rental Portfolio
I officially started using quickbooks to help organize my accounting. I wanted to share with you how I set it up, and was looking for feedback on how others may organize/account themselves.1. I added my business bank...
Greg Carr
Finding Vacant Properties
Here is something I picked up recently to find local vacants...Call up the local water department and ask for a list of homes with the water shut off. There should be a local water code stating that you are allowed to...
Shane Kelley
Legal Options for Non payment
I'll keep this brief, I'm an electrical contractor and I was subbed out to do some work for a guy. This was the third time I did work for him and never had a problem getting paid the first two jobs. Well now for the l...
Account Closed
The Power of QuickBooks Did I pay that bill and when?
Having trouble knowing whether or not you paid a bill? No problem in QuickBooks. (Screenshot may vary depending on the version of QuickBooks you own. This is taken from version 2014)Click on “Edit” from the upper task...
Priscilla Z.
Person to place bandit signs?
Looking for some advice on how to find the right person to place our bandit signs. Where did you find your person? (Craigslist, word of mouth, etc)....Are they an independent contractor or employee? How many signs d...