Navigating the world of real estate accounting can be tricky. Do you write everything down by hand or update your numbers in tax software? Ask two real estate experts like Ashley and Tony and you’ll see that there’s usually one clear way to gather up your rental income so your CPA doesn’t have a mountain of paperwork and an avalanche of questions to ask you.
This week’s question comes from Aaron on the Real Estate Rookie Facebook Group. Aaron is asking: How do you set up your rental income for tax season? Do you just show your accountant, for example, a Stessa report? Do you give receipts to your tenant when they pay so you have one for tax season?
What is the best way to prep for real estate tax season and how can rookie real estate investors get on the right path after buying their first property?
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Join BiggerPockets for FREE:
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Join the Real Estate Rookie Facebook Group:
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Question of the Episode 👇 [ Ссылка ]
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Software Mentioned in Today’s Show:
Stessa: [ Ссылка ]
QuickBooks: [ Ссылка ]
RentRedi: [ Ссылка ]
Apartments.com: [ Ссылка ]
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Real Estate Taxes and What You Need to Know Before Year-End:
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Connect with Ashley and Tony on BiggerPockets:
Ashley: [ Ссылка ]
Tony: [ Ссылка ]
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or [ Ссылка ]
@tonyjrobinson or [ Ссылка ]
Episode #208
Show notes at: [ Ссылка ]
Real Estate Accounting Tips That’ll Save You a TON of Time
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