Some of the biggest benefits of owning a vacation rental include generating extra income, building equity through long-term appreciation, preparing for retirement, and claiming deductions to keep taxes as low…
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Tips, tools, and news for rental investors.
How to set up your rental properties in QuickBooks Online
There are a number of ways to keep track of rental properties, including spreadsheets, software specifically designed for real estate, and general purpose accounting software like QuickBooks Online. QuickBooks was…
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How to make a rental property chart of accounts in QuickBooks
Although accounting may be the last thing an investor wants to do, the truth is that it’s an important part of owning and operating rental property. A good rental property…
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How to record your rental income in QuickBooks
Total revenue for real estate and rental and leasing reached nearly $223 billion, setting an all-time record high, according to the most recent data from the Federal Reserve. Even an…
The 2022 Winter Housing Market Is Heating Up
It’s gearing up to be a warm real estate market this winter. According to Jeff Tucker of Zillow, “the usual spring thaw in the housing market may come much earlier…
17 Best Vacation Rental Accounting Software Options for 2024
If you’re an Airbnb host or manage properties on other booking platforms, you’ve likely discovered that these online marketplaces, while excellent for getting your property in front of potential guests,…
Stessa vs QuickBooks: Which is better for your properties?
QuickBooks has been around for nearly 40 years, and is a brand name that many people are familiar with. While the software is general purpose, it can be used for…
Stessa vs. Rentastic: A Head-to-Head Comparison for 2024
The best real estate accounting software can help improve cash flow, automate income and expense tracking, and generate accurate financial statements throughout the year. Stessa and Rentastic are two software…
Can landlords use Wave Accounting for rental properties?
It’s important to have a system in place to track income and expenses, and assets and liabilities, even for investors who have just one rental property. Unintentionally underreporting income can…