Chris Montgomery
Separate Bank Accounts For Each Property?
Howdy,
Newbie to the forums and a relatively newbie investor.
I have two rent houses and have separate bank accounts for each one (one is shared with my sister, 50% each). I'm wondering, as I buy more single-family r...
Juan Lizarazo
Book keeping software advice!
Hi! So, I have 4 properties. What do you guys use for book keeping, to categorize transactions and generate Profit and Loss reports for your CPA? I am using stessa, but I am wondering if there is something better out ...
Mike D.
Accounting Software Recommendations
Can anybody recommend accounting software besides QuickBooks? QB stopped being able to import credit card transactions from my bank so that was the last straw for me. Zoho looks promising. I have 6 property locations ...
Dan Graney
Keeping track of expenses as a new business
I know that I want to move forward and become a real estate investor. I am buying some books, accounting software and incurring some legitimate business expenses like mileage as I look at potential properties.What is...
Marc Estepa
Attn Tax Professionals! Need guidance with business tax write off
As a landlord currently managing properties, everyone says that you are running a business. In doing so, do you get all the traditional protections and tax write offs as any other business owner? Doing my taxes last ...
Art Webb
Roth Conversion Calculator
I’m interested in obtaining a Roth Conversion Calculator that would analyze pros and cons of a Roth conversion vs keeping IRA. Calculator should provide amount of conversion tax payments needed, one or multiple conv...
Caleb Folse
Rental Management Software
I'm new to this forum (and Biller Pockets) but not new to renting properties. I've never had more than 1 at a time but haven't really leaned in to make it a primary business for a way to eventually replace my current ...
Rita Lo
How to organize finances when renting property
Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...
Jeff Schroeder
Favorite software for a Landlord?
I'm relatively new to REI, but have had a single rental property for ~3 years that does well. My father on the other hand, has ~20+ properties and tracks everything manually in a spreadsheet. While I could likely writ...
Ilya Ratner
Accounting - Ask me anything
Hi everyone, I am a real estate accountant in NYC and has been doing it for the past 6 years. I primarily do day to day operations for residential buildings in NYC. Ask me anything