How to record a “BRRR” Investment In QuickBooks Online! (Buy, Rehab, Refinance, Rent)

Uncategorized Dec 05, 2019
 

One of my favorite investment strategies is the “BRRR” method! (That’s Buy, Rehab, Refinance, Rent). But how do you deal with all of that in QBO? This video answers that exact question! I demonstrate how to record the purchase of a property with a hard money lender, renovate using a construction loan and refinance with a conventional bank! Enjoy!

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Set up an Advanced Amortization Schedule

 

Per your specific request, here is a super helpful tutorial on how to set up an Advanced Loan Amortization Schedule in Google Sheets (or excel). This lesson demonstrates how to account for additional principal payments throughout the loan. Play with the numbers to figure out your revised payment schedule and how much you can save over the course of the loan!

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How to Export Quickbooks Online Rehab Data for Super Powerful Reporting

Uncategorized Sep 13, 2019
 

QBO is jam-packed with really powerful reporting. But sometimes it’s just not enough for the unique nuances on your real estate investment business. In this exclusive video, I provide access to a full lesson from Real Estate Accounting Bootcamp! This lesson focuses on exporting your data to Google Sheets for dynamic visual graphs and reports. Check it out!

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Setting Up and Applying Automatic Late Fees on Quickbooks Online

 

If you're in the Rental Property Management game, your likely charging your tenants late fees. After all, you get charged late fees on your bills/ mortgage payments....your tenants should carry that burden as well! With Quickbooks Online's new "Late Fees" feature, we can now set up late fees to automatically get added to past due invoices. Check out this video where I break down exactly how to set this up!

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Quickbooks Online for Real Estate Investors: Projects

Uncategorized Aug 23, 2019
 

"Projects" is a relatively new QBO feature. It serves as an all-in-one reporting feature for those of use who use QBO to track renovations, rehabs or any other project with a start/ finish date.  In this video, I show you how to best utilize Projects in order to accurately track your construction expenses and make use of powerful built-in reporting!

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Quickbooks Online for Real Estate Investors: Classes vs. Customers

 

It's time to settle the ongoing Quickbooks/ Real Estate debate! How do you separate project-specific reporting? By customer or by class? Here I discuss the pros and cons of each strategy while ultimately delivering my personal recommendation... (Hint....the customer is always right!)

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Quickbooks Online for Real Estate Investors: Setting up for Rehab Projects

 

In direct response to an audience question (thanks Andy from TX!), here’s a step by step guide for setting up Quickbooks Online to track your rehabs. Learn how to set up your Chart of Accounts, utilize “Projects” and ultimately track your construction expenses!

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Quickbooks Online for Real Estate Investors: Translate an HUD to QBO

 

The most common question regarding REI accounting: “How to translate an HUD?” Here it is! A step by step guide to recording the purchase of property!

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Quickbooks Online for Real Estate Investors: Accepting Payments from Tenants

 

We all love QBO to manage our rental business. The best part is getting paid! This video demonstrates how to properly account for these rental payments to keep your business organized and your cashflow humming!

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Quickbooks Online: How to Manage Multiple Businesses within one Subscription

Uncategorized Jun 20, 2019
 

One of the major frustrations associated with Quickbooks Online is the inability to handle multiple businesses. Technically, you would need separate subscriptions for each business. This can be very frustrating for those of us with multiple businesses....all of which do similar things. I've come up with a workaround using QBO "Location Tracking"....check it out here!

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