How To Properly Handle Section 8
11 min video
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TENANT TRACKING Do This First 4 min video
NOTES Tab in Tenant Tracking
The “NOTES” Tab in Tenant Tracking is used for “OFFICE ONLY” notes for your Tenant. These notes are items you do NOT want to share with Tenant
You can find your for office use only NOTES on the Tab as shown below an example: neighbor reports your tenant’s grandson is selling drugs
If you want to enter notes you can share with your tenant, simply open your tenant’s register and enter ITEM.. “NOTE” and in the description field, enter your note. example, “Tenant left voice mail stating they will pay their rent on friday”
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Resident Rewards Program in Tenant Tracking
How To Properly Enter Your Resident Rewards Discounts
4 min video
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Can the IRS impose penalties if a return is not filed/tax not paid?
Yes, the IRS can impose penalties if a tax return is not timely filed or if a tax liability is not timely paid. As with all IRS penalties, the rules are complex. However, a taxpayer may avoid a penalty if he or she shows reasonable cause.
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New Tenant on Section 8
How To Enter New Tenant on Section 8 using TENANT TRACKING Company File
5 min video
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Year End Escrow Analysis of Your Money Held by Lender
Year End Escrow Analysis
Your money held by lender to pay property taxes, insurance, and/or HOA fees also includes changing your monthly payment if needed
4 min video
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Getting Started – Existing Tenants
How To HUD Settlement Statements and Refi’s Question
QUESTION from Becky:
Hi Mike,
I just joined as an annual member today and have a few questions. I’m trying to get through as many videos as possible as quickly as possible in order to get the books done for a client of mine who has 25 LLCs, each with multiple rental properties and properties he has bought and sold. Unfortunately I don’t have time to watch the full series as I am in a major crunch at the moment.
I’m specifically looking for videos that will explain how to enter a HUD from a purchase when there is a loan involved and a line item referring to “improvement escrow account” as well as “down payment reserve account”
Also, what I am seeing him do on a regular basis, is take out a loan with the line items mentioned above, and then refinance a few months later. So i am looking for the refinance side of that as well.
Could you point me in the right direction on where to find this information?
Thanks!
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QuickBooks Pro – Buying Non-Performing Mortgages
QUESTION from Joseph:
We are creating a investment syndication for buying and working out non-performing mortgages in an LLC entity.
Each member will require a capital account for their investment dollars and be able to receive pro-rata shares of profits, return of capital and losses (if any).
Will the Investor Books software support the bookkeeping for the syndication?
Thanks,
Joseph
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