QuickBooks Online for Real Estate Investors Rentals
Residential Rentals Single Homes, Apartments, Multi-Unit, Storage Units Rental Accounting System. Use QuickBooks Online to Cut Costs & Work Less!
Rental real estate investors often find themselves spending too much time on landlord property management tasks and not enough time getting deals wrapped up. There is a solution to this common problem – QuickBooks Online for Landlord’s Residential Rentals. The video course will teach you how to use QuickBooks to get more done faster & easier than ever before!
This comprehensive QuickBooks Online for real estate investors rentals course shows you step-by-step how to painlessly set up your own QuickBooks rental property management bookkeeping system and what’s even better, is that you don’t need any accounting or QuickBooks experience, you don’t need to buy any expensive software, and you won’t have to pay any outrageous fees to a consultant to do it!
The QuickBooks Property Management course for Landlords and Real Estate Investors is Packed with All the Tips, Tricks, and Techniques You Need to Know
Course Learning Objectives:
- Learn to view and verify the accuracy of QuickBooks reports after each transaction is recorded
- Learn to record major transactions accurately, such as earnest money, property purchases and mortgages within QuickBooks
- Learn to cost segregate your expenses and capital improvements
- Learn to enter single, joint and several tenants, Section 8 (HUD), affordable subsidy housing and sublease tenants in QuickBooks
- Learn to set up the rent roll, tenants, loss of rent for vacancies, property “to do’s,” and even record conversations with tenants. Yes, you can use QuickBooks even for these tasks!
- Learn to accurately track rents, vacancies, security deposits, work orders, bills, and lease terms
- Learn to record mortgages, loans, lines of credit, escrows, and owner, partner or shareholders loans
- Learn to record free, reduced rent, maintenance credit or write off uncollected rent
- Learn to enter statements from a 3rd party property management company
- You’ll even receive a QuickBooks template on CD that has been customized for property owners and landlord companies – all you have to do is copy the template and start entering your information. This template alone will make landlord property management and accounting 10 times easier!
The QuickBooks Clear How-to Course Packed with Videos
Every task is explained in detail, with screenshots and step-by-step instructions. Even if you jump directly into the section without reading the landlord accounting QuickBooks course straight through, you will understand all how-to steps.
It’s Time to Take Your Rental Business to the Next Level of Success
Without the right system in place, you are likely to be overcome with paperwork and the countless other duties you must deal with as a landlord/property owner.
In fact, over time trying to manage properties, renters and all the other responsibilities that come with property ownership has proven too great a challenge for many talented individuals.
Residential Property Management for Landlords: QuickBooks Online will give you the solid foundation you need to get your real estate rental business organized and on track for even greater profits.
Author, Gita Faust, will help you apply the tips, tricks, and techniques revealed in this residential rentals video course to your particular situation. You will get advice only a QuickBooks expert with strong accounting and property management background can provide, giving you that extra little push you need to get organized and take your business to the next level faster than you ever dreamed possible!
With Residential Property Management for Landlords: QuickBooks Online you’ll receive:
- Industry-standard Chart of Accounts for real estate rentals
- A complete list of Products & Services list
- Detailed video course explaning the QuickBooks Online features to manage landlord rentals
- Learn to customize QuickBooks Online reports for your real estate investments
- Bonus! Sign up for QuickBooks Online via us and we will set up your QuickBooks for you.
Use this template requires a subscription to QuickBooks Online Essential, Plus or Advanced (not included)
Residential property management for real estate investors course is perfect for QuickBooks Online users. (need a current version of QuickBooks? Call 866-645-3356)
This course is non-refundable.
Content of the Guide
Content of A Landlord’s Guide to Financial and Property Management
Section 1: Getting Started
Don’t be intimidated by switching to new software. This section will teach you where everything is in QuickBooks so you can easily navigate through your file. You will be given a list of every keyboard shortcut so you don’t have to waste any time trying to find certain lists or transactions. Even before you are taught the basics, you will be given several resources that may help answer a question, just in case you hit a wall somewhere along the process. You can always try something out in our free sample file if you are afraid of messing up your own file.
As a landlord who is managing his own properties you need to understand both the cash and accrual basis accounting systems and be taught how to work with item and customer lists. Learn the short and sweet definitions for accounting jargon so you can better understand those confusing financial reports. Finally, you will learn how to backup and restore your data.
Section 2: Your Company File
Now that you know how to use the QuickBooks software, we will show you how to upload the template file so you don’t need to spend any additional time setting up the chart of accounts for your rental properties. You will discover how to easily setup user accounts and input some of your company info. Even before you attempt to enter in transactions, learn the differences between the types of expenses you encounter when managing your property.
You will be assisted in transferring the balances over from your old software. Everything from outstanding tenant invoices to checks and deposits are outlined. Afterwards, you will learn to use the To Do List and Reminder functions so you won’t forget to input any essential transactions into QuickBooks. Finally, you will be taught everything there is to know about memorizing transactions so you won’t have to keep entering the same transactions over and over again.
Section 3: Managing Properties and Tenants
QuickBooks is setup and you as a landlord have the basic knowledge to use it. It’s now time to manage properties with QuickBooks! First, you will learn how to record the property purchasing procedures such as earnest deposits and HUD 1 Settlements. If you want to use a third party property management company, make sure you track your reserve funds. You will also learn how to record your leases and tenants with different lease options.
Once the leases are recorded, look at the long-term processes that go into every lease. Learn every step of tracking and receiving tenant payments. Whether you are at the very beginning of a lease and dealing with security deposits or at end of an early terminated lease and you are dealing with bounced checks, rent credits, and eviction letters, this section will outline it for you! Also, late fees, vacancy rent loss, invoice generation, and tenant statements will be covered in detail. You will learn property management accounting for a landlord from A to Z just like we promised.
Section 4: Managing Vendors
This section of the QuickBooks guide covers every step of bringing in an outside vendor to do repairs or improvements. When you start work with a vendor, make sure you enter a Work Order to track the arrangements, so you are always “in the know” about your rental property. If your vendor requires a deposit, you can track that in QuickBooks, too. When the work is completed, enter and pay the bill. The payment options of checks and credit cards are outlined, as well, to make sure you avoid those pesky financing charges. Lastly, if you overpaid, you can enter the vendor refund into QuickBooks.
Section 5: Managing Loans
Track your loans and escrows by recording bills or checks, or by utilizing the loan manager. You will learn the difference between mortgages and line of credit loans, as well as the different procedures to track them. Account for all loans to make sure your company does not miss a payment.
Section 6: Miscellaneous
Since you’ll now know everything about using QuickBooks to manage your properties, use this section to refer back to everything you learned, as well as learn a few more valuable functions of QuickBooks. For example, you can use the petty cash account for your small expenses. If you want to connect your bank and credit card accounts to online statements, we will cover the steps. If you need 1099 forms, letters, or templates for your vendors, print them directly from QuickBooks. Finally, our checklist to reconcile your accounts and make sure your balances are accurate.