All Forum Posts by: Dutch Marc

Hi zach, can you share more about the VW rental? Is this for your Airbnb guest it a different fetal option ? How do you work out the insurance etc. Thanks DM

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H Jeff & thanks for putting this on again.

Looking forward to it, see you there..

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Originally posted by @Ken Graham:

Yes- if you invite him in he definitely can cite you for any violations that he finds.

Regarding the Airbnb issue, do you know the regulations in your area?

Personally I would consult with a local RE attorney before the inspection.

I know my AirBnB regulations in my area, they are not the issue.

Will check for Local RE Attorney

Thanks Ken for you reply.

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Hello readers!

My Girlfriend and I just got a call from a Los Angeles "Code Enforcement Inspector" He left me a VM today, and also left me a Business card about a week ago and on our door steps when we where not home.

Part of his voice mail was "We have a complaint that the properties been divided the two units as two different families are running or two kitchens. So I'm going to need to make an inspection"

WOW.. So we bought this house to years ago. We live here and use the downstairs old Pool Changing room as a AirBnB studio.

When we bought this house, it was completely flipped. We pulled permits for all work done afterwards. Plumbing, HVAC, etc.

MY Q: What are our rights as owners regarding this??

I don't want to be a difficult guy, but I would like to find out what my rights are?

I am also wondering if we invite him inside our house and studio, maybe he can find other issues that can be used against us etc?

Any help or insight here? Any help is appreciated, Local & CA especially since I know codes/rules/regulations differ a lot from state to state.

Many Thanks in advance

PS : Newby on BP, looking to purchase my 1st investment property before 2017

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Originally posted by @Dutch Marc:

Originally posted by @Kelly N.:

@Dutch Marc- I would think that you could still use the book, just make adjustments to the steps to work with the mac version, but that's probably a bit more work, especially if you are not already familiar with Quickbooks.

Thanks for the info!

Also ... After you have setup the QB Company file etc. Is there still any use for the book etc of is it more like a $99 setup fee?

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Originally posted by @Kelly N.:

Thanks for the info!

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Originally posted by @Jeff B.:

Originally posted by @Dutch Marc:

Originally posted by @Jeff B.:

Hi J,

I am using Quickbooks pro as well for my business on the Mac. I am wondering if it would be easier to start using quicken Rental Property Manager instead of quickbooks pro. Seems like it's already setup mostly..

Would you be willing to share some of your setup? Account lists etc?

Thanks in Advance Marc

Any real accounting system can support ANY business, - - including Rentals. Having worked in software for so long, I can tell you, there's NOTHING special about software regardless of the title, "X Y Z pro", "Rental Manager", etc etc etc.

Let's see if I can paste a meaningful list: - - it shows up well when posting

Thanks J, for you account list. I have it moved to excel and will study it and see how I can setup my own QB company file or decided to use the Quicken solution a go.

Many thanks !

Marc

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Originally posted by @Kelly N.:

I fumbled around with Quickbooks, having used it for other companies, and I did ok. Tax time was a pain since I had to extract the info from Quickbooks, often using Excel to add items up... I got fed up and bought Nancy's book, and redid everything according to how she describes. Much better now! Her way is more tedious in the beginning, just getting everything set up, but now that it's done everything is as it should be. Quickbooks also plays nicely with Intuit Payment Network for invoicing... I highly recommend Quickbooks along with buying her book- and I am in no way affiliated with either beyond being a customer.

Thanks Kelly,

I email Nancy twice and got very short email responses. Some where I read that her book could be used by Mac users (Just like me) to setup accounts. How ever when I asked her this question twice, she told me that it will only work on PC.

Not sure if I want to spend around $100 for this gamble. I don't need a 101 on quickbooks, just trying to find out if the QB Pro route is the way to go, or for small new REI the Quicken solution would work..

Thanks Again..

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Originally posted by @Huy N.:

Originally posted by @Nathan Waters:

@Huy N., How do you like the software? Have you used it yet? I would like some opinions on it. I just downloaded it and I'm getting used to it. But I'm on the fence. I'm sure I'll get used to it but I am having a bit of trouble matching up rental payments with bank transactions. I'm assuming that going forward it will smooth out. It only pulled 90 days worth of banking statements from one of my banks, so it doesn't match up with mortgage payments from my other bank for any thing at the beginning of the year.

I purchased it too but ended up procrastinating and still using excel until now...haha I will make time to look into it more but i would definitely pick this over Quick Book. It is easier to use and setup as i don't want to complicate my life more that it's already is

Hi Huy,

It's been a while since yourt last post. Just wondering if you have started to use the "quicken Rental Property Manager" software yet?

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All Forum Posts by: Dutch Marc

Dutch Marc has started 3 posts and replied 26 times.

Post: LA Meetup in Santa Monica

Post: 4 plex in Los Angeles Airbnb

Post: Meetup for LA members

Post: Home Owner & Building Permit Inspector

Post: Home Owner & Building Permit Inspector

Post: Quicken Rental Management VS. Quickbooks

Post: Quicken Rental Management VS. Quickbooks

Post: Quicken Rental Management VS. Quickbooks

Post: Quicken Rental Management VS. Quickbooks

Post: Quicken Rental Property Manager Software