Category Archives for Property Management & Real Estate

Rental properties and 17hats

17hats and rental properties

I’ve been using 17hats for my real estate company for several years now. I mentioned this to a friend of mine, Mariette Martinez, and she told me that I should write a blog post about how I use it because it was a great idea. Accounting and real estate is also a niche of mine.  I have […]

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Prepaid Rent and QuickBooks

Prepaid rent and QuickBooks

Prepaid Rent and QuickBooks.  I consider this a bit of a trickier transaction.  Why?  Because it involves a account that can be considered not the “norm”.  What  type of account is prepaid rent?  It is  current asset account that reports the amount of future rent expense that was paid in advance of the rental period. […]

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Handling security deposits in QuickBooks

Handling security deposits in QuickBooks

Handling security deposits in QuickBooks can be a bit of a tricky transaction. In the video and corresponding post below, I outlined the steps. The key when using QuickBooks in making this transaction work is in the way you use the items. Proper setup of the items is paramount.Handling a security deposits in QuickBooks:  Create the […]

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Real Estate-Property Management steps to close the year

Yes, most steps are the same for real estate or property management firms as with other businesses.  See my earlier post with the checklist here.  But there are other accounts that need review.  Reconciliation is key for making sure your records are accurate.  As well as checking your prepaid rent account, credit card accounts, etc. […]

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