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All Forum Posts by: Nicole Heasley Beitenman

Nicole Heasley Beitenman has started 167 posts and replied 2869 times.

Post: Which tool do you use to calculate net income yoy

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

I'm an accountant and bookkeeper specializing in real estate. For my own portfolio, I use Wave. My clients are on Quickbooks or Stessa. 

Do you have a separate bank account for your rentals?

Post: CPA Learning to help REI with Taxes and Bookkeeping

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

Hey Kristie! I'm also a real estate bookkeeper. I've been investing and hanging out on BP for almost 10 years now, so please reach out if I can help with anything. Always happy to network with fellow REI enthusiasts.

Post: Investor looking to connect and help using Real Estate Bookkeeping

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

Hi KP! I'm also a real estate bookkeeper. Would love to connect. I've been investing and hanging out on BP for close to a decade now, so please feel free to reach out with questions.

Post: Bookkeeper v. Accountant

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

So much gray area. I have an accounting degree, can read financial statements, and can give light advisory based on financials because I've been in the REI space for a decade now. I don't have my CPA, and I want nothing to do with tax prep. While my company name only contains "Bookkeeping," if you ask me what I do, I say "accountant and bookkeeper."

Post: Bookkeeper Advice Needed

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

@Benjamin Larabee Hey Benjamin! I have an accounting degree, 5 years of experience as a property accountant in the commercial space, and 10 years of managing the books for my own rentals. I launched my independent bookkeeping practice last year. I'll PM you. 

Post: Youngstown Real Estate Connectors Monthly Meetup - February 2025

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

This group was established to help real estate investors and other real estate professionals in the Mahoning Valley grow their business through networking. We meet on the 2nd Wednesday of each month at Buffalo Wild Wings in Boardman. While you are welcome to bring your deals and services, there will be no sales pitches by the organizers. Our only aim is to help build connections within the Youngstown real estate community.

We welcome current and aspiring real estate investors, contractors, agents, lenders, and anyone else who could benefit from connecting with like-minded individuals.

There is no structure or agenda--simply come in, grab a drink, and a grab a seat next to some one new. Bring your questions, your deals, your business cards, your contractor recommendations, your needs, your best practices, your experience, your lack of experience--whatever you have (or don't have!). Find a partner, a mentor, or just a new friend. Share, learn, and grow.

Post: Alternatives to full security deposit

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

I only charge $500. My MTR tenants are less risky than my LTR tenants were.

Post: Seeking Advice from Lenders: Financing for Community Living Home

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

Does the operational company already exist and have income history? If not, I'm guessing it would be treated as a traditional rental loan, either conventional or DSCR, using market rents rather than the rent in the lease agreement. I would talk to a number of residential, private, and commercial lenders.

Post: Long Overdue Introduction

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

Welcome!

Post: Youngstown Real Estate Connectors Monthly Meetup - January 2025

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
Posted
  • Investor
  • Youngstown, OH
  • Posts 2,959
  • Votes 2,428

This group was established to help real estate investors and other real estate professionals in the Mahoning Valley grow their business through networking. We meet on the 2nd Wednesday of each month at Buffalo Wild Wings in the party room (ask the hostess if you can't find us). While you are welcome to bring your deals and services, there will be no sales pitches by the organizers. Our only aim is to help build connections within the Youngstown real estate community.

We welcome current and aspiring real estate investors, contractors, agents, lenders, and anyone else who could benefit from connecting with like-minded individuals.

There is no structure or agenda--simply come in, grab a drink, and a grab a seat next to some one new. Bring your questions, your deals, your business cards, your contractor recommendations, your needs, your best practices, your experience, your lack of experience--whatever you have (or don't have!). Find a partner, a mentor, or just a new friend. Share, learn, and grow.

Join our Facebook group to continue networking outside of events! https://www.facebook.com/groups/ytownreconnectors/