Rental property accounting Archives - Basic Property Management

March 17, 2025March 16, 2025Accounting, Investors, Landlords

How To Create a Balance Sheet for Rental Properties

A female rental property manager showing a young couple a home that she has for rent.

A rental property balance sheet provides a clear snapshot of your real estate investments’ financial health at any given moment. Creating and […]

March 6, 2025April 1, 2025Accounting, Investors, Landlords

QuickBooks Tax Deductions for Landlords: Maximizing Write-Offs

A landlord reviewing rental property expenses for tax deductions in front of a computer with QuickBooks open

Managing rental property taxes can be complex, but QuickBooks offers powerful tools to help landlords track tax-deductible expenses and maximize deductions. By […]

February 3, 2025February 24, 2025Accounting, Investors, Landlords, Residential Property Management, Short Term Rental Management, Vacation rental management

Tax Implications of Fair Rental Days for Landlords

Two female real estate investors (one is blonde and one is a read head) conducting a video call with their accountant discussing the tax implications of fair rental days for a rental property they own.

Understanding the tax implications of fair rental days is crucial for real estate investors navigating the complex world of rental property taxation. […]

January 7, 2025February 24, 2025Accounting, Commercial Property Management, Investors, Landlords, Residential Property Management, Short Term Rental Management, Vacation rental management

How To Categorize Real Estate Transactions and Avoid Red Flags

A real estate investor filling out a Schedule E form with a computer and a desk scattered with receipts and invoices.

Knowing how to categorize real estate transactions is crucial for real estate investors to maintain proper financial records and comply with tax […]

December 14, 2024March 7, 2025Accounting, Investors, Landlords, Residential Property Management, Short Term Rental Management, Software

QuickBooks for Real Estate: Streamlined Accounting for Landlords

A modern office desk with a computer displaying the QuickBooks for real estate software, surrounded by files, a calculator, and a cup of coffee

QuickBooks has become a popular accounting tool for many businesses, including real estate. For property investors and landlords, managing finances efficiently is […]

December 11, 2024March 18, 2025Accounting, Investors, Landlords

Real Estate Property Accounting – Accrual vs Cash Based

A woman with a ledger with two columns, one labeled "accrual" and the other "cash-based," surrounded by stacks of property documents and financial statements

Real estate investors face a crucial decision when it comes to accounting methods: cash-based or accrual? This choice significantly impacts how you […]

December 7, 2024April 26, 2025Accounting, Commercial Property Management, Investors, Landlords, Residential Property Management, Software

Real Estate ERP Software: 5 Ways It Boosts Your Bottom Line

A modern office with multiple computer screens displaying real estate ERP software, surrounded by desks and office supplies

Real estate investors are constantly seeking ways to streamline operations and maximize profits. Real estate ERP software offers a comprehensive solution to […]

October 14, 2024February 24, 2025Commercial Property Management, Investors, Landlords

How To Prepare a CRE Property Budget

To prepare a CRE property budget, you need to focus on more than just numbers—it’s about creating a strategic plan that fuels […]

April 1, 2024March 10, 2025Accounting, Investors, Landlords

5 Real Estate Accounting Tips for Landlords

The line between profit and loss often comes down to the fine print in your accounting ledger. As a landlord, you’re not […]

October 9, 2023February 24, 2025Commercial Property Management, Landlords, Residential Property Management, Short Term Rental Management

What Is a Property Management Workflow?

If you’re a landlord or property manager, you know that managing real estate isn’t just about collecting rent. It’s a multifaceted role […]

August 21, 2023June 9, 2025Accounting, Commercial Property Management, Investors, Landlords, Residential Property Management

How To Streamline Bookkeeping for Rental Property

Did you know that as a landlord, you could be losing thousands of dollars each year due to disorganized bookkeeping? It’s a […]

September 15, 2022May 19, 2025Software

QuickBooks for Landlords: The Ultimate Guide

Managing rental properties can feel overwhelming, especially when juggling finances and trying to keep accurate records. With the right property management software, […]

August 22, 2022May 13, 2025Accounting

How To Manage Your Rental Property Bookkeeping Like a Pro

A workspace with a laptop showing financial spreadsheets, a calculator, invoices, a notepad with notes, and a small model house on a desk.

Managing rental properties means you’re constantly juggling a bunch of important responsibilities. Handling rental property bookkeeping, collecting regular and prepaid rent, and […]