Buying & Selling Real Estate Discussion

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Mayer M.
  • Investor
  • Cherry Hill, NJ
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Real Estate Professional Status/Time Tracking

Mayer M.
  • Investor
  • Cherry Hill, NJ
Posted Aug 26 2020, 05:41

Any recommendations on the most efficient way to track your time when classified as a real estate professional? My accountant wants me to start doing this in the event of an audit being I’m starting larger projects and will be implementing cost segregation

Thanks

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Replied Apr 19 2022, 18:53
Quote from @Caleb Genry:

@Mayer M. I have a spreadsheet I created for clients. Would you like a copy of it? I can share it with you if you want.

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Replied Apr 19 2022, 18:55
Quote from @Caleb Genry:

@Mayer M. I have a spreadsheet I created for clients. Would you like a copy of it? I can share it with you if you want.


 @Caleb Genry. I would also like a copy of the spreadsheet. Thanks 

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Replied May 19 2022, 14:11

@Caleb Genry

Just what I was looking for! I would also like to request a copy of your spreadsheet. Thank you!!!

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Vaibhav Jain
  • Investor
  • San Jose, CA
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Vaibhav Jain
  • Investor
  • San Jose, CA
Replied Jun 7 2022, 10:06

Also requesting a copy if possible. Thanks @CalebGenry!

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J.C. Martel
  • Investor
  • Lawrence, KS
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J.C. Martel
  • Investor
  • Lawrence, KS
Replied Jun 21 2022, 08:05

I use the RESPtracker app. You can break it out by general RE activities and material participation. It also has a dashboard where you can see how far along you are with meeting the 750 hours requirement with at least 500 hours in material participation and 250 hours in general participation. I like the app, but wish I could upload a CSV rather than manually enter time for each day.

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Anthony Harrell
  • Investor
  • Phoenix, AZ
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Anthony Harrell
  • Investor
  • Phoenix, AZ
Replied Jul 25 2022, 18:13

@Caleb Genry I also can use that awesome Excel spreadsheet sir> 

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Dean Dutro
  • Rental Property Investor
  • Portland, OR
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Dean Dutro
  • Rental Property Investor
  • Portland, OR
Replied Aug 22 2022, 08:53

@Caleb Genry if still available, could you send over a copy of that spreadsheet? 

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Dave Wolcott
  • Investor
  • Sarasota, FL
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Dave Wolcott
  • Investor
  • Sarasota, FL
Replied Sep 12 2022, 12:59

@Caleb Genry can you please send me a copy also?  Thanks

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Replied Sep 25 2022, 13:31

@Caleb Genry hi could you kindly share your spreadsheet with me. Thank you in advance. :)

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Replied Oct 5 2022, 09:29

@Caleb Genry Hi, I'd appreciate if you could share your spreadsheet with me - many thanks.

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Replied Oct 21 2022, 14:04
Quote from @Caleb Genry:

@Mayer M. I have a spreadsheet I created for clients. Would you like a copy of it? I can share it with you if you want.

Hey! I would like a copy of spreadsheet. If you wouldn’t mind sharing.

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Replied Nov 4 2022, 16:48

@Caleb Genry It would be incredibly helpful for you to share this spreadsheet with me.  I was hoping it would be posted somewhere in the forum so I wouldn't have to bother you directly but it does not seem to be.

Thanks for contributing to the Bigger Pockets community in this way.  =)

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Replied Nov 14 2022, 19:04

I would truly appreciate a copy of the spreadsheet as well please! @CalebGenry

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Sheena R Roth
  • Rental Property Investor
  • Canton, OH
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Sheena R Roth
  • Rental Property Investor
  • Canton, OH
Replied Nov 22 2022, 07:58
Quote from @J.C. Martel:

I use the RESPtracker app. You can break it out by general RE activities and material participation. It also has a dashboard where you can see how far along you are with meeting the 750 hours requirement with at least 500 hours in material participation and 250 hours in general participation. I like the app, but wish I could upload a CSV rather than manually enter time for each day.


 JC - I just got the app today after coming across it in this discussion and noticed that (although it's not on the mobile app) the desktop website has a tab to upload a csv file to import entries. Hope that helps! 

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Replied Nov 25 2022, 13:24
@Caleb Genry:  please share the spreadsheet 

Thank you 


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Nick Minogue
  • Property Manager
  • Chicago, IL
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Nick Minogue
  • Property Manager
  • Chicago, IL
Replied Nov 27 2022, 13:06
Quote from @Caleb Genry:

@Mayer M. I have a spreadsheet I created for clients. Would you like a copy of it? I can share it with you if you want.

Would love it you could potentially send me a copy as well. Thank you!

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Mark H. Porter
  • Investor
  • South Carolina & Georgia
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Mark H. Porter
  • Investor
  • South Carolina & Georgia
Replied Nov 27 2022, 14:05

Folks, it really is a simple listing of how any hours you put in and what date.  There’s no magic potion.

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Replied Dec 2 2022, 19:59

Hello Sheena. I am about to put in an offer for a investment property in Caton OH. The Zip code its in is 44703. what do you think about that area?

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Garrett Childress
  • Investor
  • Eugene Oregon
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Garrett Childress
  • Investor
  • Eugene Oregon
Replied Dec 13 2022, 11:22

We have a good sized portfolio and i left my corporate job in 2021.  After talking to my accountant we feel confident we meet the requirements. I've also launched a residential real estate painting company. My question for the group is would my hours as a contractor also count twoards the needed 750 hours?

Thanks all!

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Replied Dec 16 2022, 09:35

@Caleb Gentry Would you be willing to share that spreadsheet with me as well? I am looking for a comprehensive but easy to use one. Thanks!

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Wendell HII
  • Rental Property Investor
  • Winterport, ME
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Wendell HII
  • Rental Property Investor
  • Winterport, ME
Replied Dec 27 2022, 09:00
Quote from @Caleb Genry:

@Mayer M. I have a spreadsheet I created for clients. Would you like a copy of it? I can share it with you if you want.


 Caleb,

Can I get a copy of your spreadsheet, my wife would love to have it also.  

Thank you.

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Replied Jan 4 2023, 19:08
Quote from @Teri Husak:

I created an electronic google doc time tracker:

Time Log

Contemporaneous time log of rental real estate activities

Activity Description

Tenant recruitment

Tenant screening

Negotiating and executing leases

Overseeing repairs and maintenance

Communications with tenants and vendors

Travel time

Research for potential rental real estate (pub 925)

Acquiring rental real estate (pub 925)

Paperwork/bookkeeping/banking

Research and purchase of materials

Rent collection

Eviction

On-site cleaning

Bill payment

Other:

Time Spent

Date

MM

/

DD

/

YYYY

Submit

 Could I get a copy of this please?

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Replied Jan 16 2023, 05:17

@Caleb Genry would you mind sharing your tracker with me too

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Replied Jan 25 2023, 07:39
Quote from @Caleb Genry:

@Mayer M. I have a spreadsheet I created for clients. Would you like a copy of it? I can share it with you if you want.

Can I get a copy too ?