Archive for 'TENANT TRACKING'

TENANT TRACKING – Getting Started QB Pro 2016

do this first

4 minute video – To VIEW LARGE, click lower right corner on video

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QUESTION: 

We have 2 people who will be using the Investor Books / Tenant Tracking system. 

Do we need to purchase QB multi-user and network our computers so that the data will sync ?  How does that work?

Thanks!
Sherry W.

ANSWER:
great question Sherry!
here is your short simple answer.

 

If you are using one computer and you have QuickBooks Pro installed on it: Click to Access Video or Read More

TENANT TRACKING

Getting Started
40 min

unedited video replay

click on image to start

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Questions from Scott:

Good Morning Mike,

I have noticed Mike has referred to clean copies of Tenant Tracking and or Investor Books files in various ODV’s.

Yes, i want to make sure you use the “clean copy” and not the practice or SAMPLE files. In the past, many folks have added their data into the sample file causing an extra frustration on their part.

So I am assuming there must be training files with examples of transactions available that I would very much appreciate having to help me along with learning how to use this product I have purchased.

Yes, but the training file is used for training and should not be used as a “How to” in the big picture. For example, I use the sample files for live training and suppose an investor hands me a HUD 1 Settlement Statement on a property he/she sold. In training, i will show attendees how to enter this closing statement in 3 minutes or less… but keep in mind, in this one example, they never purchased the property. my simple point is to use or reference the training file with kid gloves.

Would receiving these files be possible?

Yes, Click to Access Video or Read More

This 6 minute ODV shows you in simple, step by step with handholding, how to properly enter a Bad Check from a Tenant or customer.

TIP: Do NOT Delete the Deposit You Previously Made of the Bad Check that has been returned to you…

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How to Enter a New Tenant in QuickBooks Pro using your Tenant Tracking Company file

This video shows you how to enter a Brand New Tenant (or Loan Customer) into Tenant Tracking, your complete property management tool and software.

Remember to view large format, click the lower right corner. Use the pause and rewind button

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QUESTION:
Mike,
…first, thanks for the article on how to handle tenants who include you in their bankruptcy…
We manage and operate a commercial mixed use property with about 50 tenants.  Cash accounting is the method used.   When a tenant vacates prior to the expiration of the lease owing rent and costs for tenant damages, can we write off the loss for tax accounting purposes?
Thanks,
Simone
ANSWER:
Great question Simone and you get a simple answer.
If you really are using true “Cash Method” of accounting, (reporting income as you get it, not as it is owed to you)
you have no losses to write off.
Are you using the Investor Books Pro System with Tenant Tracking? This solves it all for you.
– the question you asked involves the “Accrual Method” of accounting where you report what is owed you as income, (simple version)
Mike Butler
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