As I understand it when purchasing a "replacement property" via a 1031 exchange, prorated rent, HOA and specifically property taxes should not be paid with the proceeds of the relinquished property. However what about...

Hey guys, this one is making feel pretty dumb.  I am trying to enter all the information from my HUD-1 sheet into Quickbooks.  I've watched a couple videos on other people doing it, and it's just not clicking.  There ...

Hi everyone!I recently had a bookkeeper from India, setup QBO for my 4 rentals. Properties are under a LLC with a partner and we have bought, made capital improvements, cash out refinanced. I feel  things got a little...

Good evening! These forums are great. I'm writing to ask about best practices or common approaches to accounting for property taxes.
Here the tax bill comes out in November of each year. If you pay in November you ge...

I'd love to hear others' approach to accounting for property taxes and insurance. I have about two years experience managing my two triplexes with separate loans for each property. Currently my T&I are escrowed wi...

I wholesaled a property and charged an assignment fee of $5800.I took back a note and my buyer is paying me $300/mo a month until the note is paid off.My bookkeeper is having a very hard time how to record this in Qui...

Question #1: Upon the purchase of an investment property that you will be rehabbing, its understood that property taxes are to paid. But at what point? At closing? I'm also told that property taxes are a holding cost,...

Hi all,When buying a rental property, are the rents, security deposits, and taxes credited or debited to the buyer? I just bought two rental properties this month, and the close was handled differently:In one case, I ...

Hi, I was wondering what people used to track the income, expenses, late fees, etc for their rental properties.  I have 5 units currently and am using a word document I created to track everything, but it is getting q...

1.  I have an opportunity to use my 401k selfdireted IRA (which is an LLC, so the member is uDirect, and I am the Manager) for a commercial real estate deal.  I will be purchasing the commercial property with another ...