I am the author of numerous books, including some on real estate and other business subjects. My books were The Everything Guide to Buying Foreclosures, 250 Questions Every Landlord Should Ask, The Idiot’s Guide to Real Estate Investing Basics, and many others.
As you can see from some of the images, I also penned some basic business books and some history topics. When I first started writing, my books were about computers and software. All tallied, I published over 30 books.
The Real Estate Accounting is launched.! Designed to work with QuickBooks Online, this specialized bookkeeping service is for: Some of the features of Real Estate Accounting include being able to determine the profitability of each project, sale, or property. For landlords, the program includes the accounting of keeping security deposits separated from operating expenses For…
Home Office Tax Deduction for Real Estate Investors For real estate investors, home office tax deductions are similar to those for other self-employed individuals. However, there may be some additional deductions that are specific to real estate investors. Here are some common home office tax deductions that may apply to real estate investors: Depreciation: Real…
Using a QuickBooks Online feature called recurring sales receipts, landlords can easily set up and automate rent collection via credit cards or ACH. Once it is set up in QuickBooks Online, each month the tenant is automatically charged the rent payment. The tenant receives an email message and receipt for the rent payment. And the…
When setting up QuickBooks Online, in the Chart of Accounts, it is important to set up a special account to handle your Tenant’s Security Deposits. You can name the account anything (I recommend using Tenant Security Deposits. The type of account is: other current liability. This is important. The reason a tenant’s security deposit is…
Some real estate agents wait until it’s time to get their annual taxes filed, and then they scurry about trying to assemble a year’s worth of receipts, bills, and check stubs into some form of business financial records. Others plan ahead for tax day, by maintaining accurate, up-to-date financial records. Getting into business is easy…
Now available for free from Sheldon Bookkeeping: a Chart of Accounts for Real Estate Agents. This Chart (COA) is compatible with all versions of QuickBooks Online. It is for the smaller real estate agent business, as it does not include categories for employees. It does include accounts to categorize different sources of income as well…