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?
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?
QUESTION:
Hello Mike,
I understand your reply of repair versus capital expense so my question must not have been clear…
When I buy a house to resell that will need some repairs, these repairs are a capital expense as the property is not in “service”.
To properly see my cash flow in Investor Books PRO when I do a report, I put these fix up costs as an expense (initially). I do this under “repairs and maintenance”
The fix ups will eventually be transferred and re-characterized as a capital expense at a later date thus in the meantime allowing my cash flow report to provide useful information for me as an investor.
My question is when do I transfer this to the asset?
Thank you Mike,
Hope that is more clearer-er
Steve
ANSWER:
Great Question Steve! This is probably one of those questions most investors are afraid to ask.
For starters, as an investor and business owner Click to Access Video or Read More
Tenant Tracking is part 2 of the Investor Books Pro System™, The Only System for Real Estate Investors using QuickBooks Pro.