Mike McGee
Landlord Accounting / QuickBooks question
I purchased the QuickBooks training package from LandlordAccouting.com a while back. I've been doing everything as described in thier PDF manual, and I'm using the QuickBooks company template file they provided. They ...
AJ Felix
Rental Income Accounting
Once rental income is deposited in my bank account I want to be able to know exactly how much money is allocated to the various expenses necessary for managing the property such as vacancy, cap ex, maintenance, utilit...
Wesley Myers
Bank Accounts for STR’s? What do you do?
Been reading a lot of different scenarios for bank accounts with rental properties. Wanted to get your suggestion on my specific situation. Just purchased our first STR condo here in PCB. Have $10k in reserves for re...
Christina Cryer
Which LLC for Bank Accounts - Holding or Operating or Both?
Hi- I am just starting out and plan on using the Profit First banking method. For my first property I will open five bank accounts. Three of these will be for the entire business (when I eventually have more STRs) and...
Brenda Logan
Quickbooks Airbnb sales tax input I think I have it......mostly
So I needed a few things. I need my invoice to match what Airbnb sends me for payout and I need the sales tax to be what is actually taxed so that QB can keep up with it for me. I worked on this with my accountant s...
Sanjay Gupta
Accounting Question and how to properly record entries
I am using GnuCASH software to record entries and have 2 properties where we are doing rehab. 1 of them were closed and just want to make sure how do I properly record entries. GNUCASH does not have Job Code or Projec...
Angel Dejesus
Looking to exterminate scuaters by buying the building
Looking for advice and suggestions. A neighbor that I never had 2 words with seemed to disappear from his dilapidated building and now it seems that squatters and rodents are looking for an apartment to occupy. My ser...
Mary Kunyiha-Shelton
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.
Kevin Sobilo
Profit First With BRRRR
I just started reading "Profit First" by Mike Michalowicz. It looks to be a simplified method of cash management. Does anyone here use this with their BRRRR deals? If so can you share your experience with it?It is eas...
Akhtar Nasser
Personal and rental tax separation question
I bought a 2 family house and live in one of the rentals. Renters pay own utilities minus water and sewer. I created a security deposit and a personal account dentoted as a rental income checking account. My next move...