You know you need a cash reserve for your rental properties, but how much should you save? Today, we’ll discuss the six most important factors and strategies to consider when setting a savings goal for your property’s cash reserve.

Owning rental property comes with a certain amount of risk, and maintaining a cash reserve is the best way to ameliorate that risk. Today we’re covering the basics of cash reserves and savings tips that you can start using immediately.

When you sell an investment property, you need to create a journal entry to record the transaction. There are many factors to consider, but we’ve provided a sample situation and journal entry as a reference point.

When you’re looking to invest in real estate, you need to know more about a property than its purchase price and potential rent. Key performance indicators (KPIs) help real estate investors evaluate potential properties for purchase, reduce risk, and maximize profits.

Key performance indicators (KPIs) help rental property owners evaluate their properties and increase their revenue and profitability. We’ve put together a list of the seven most important KPIs to help you measure, monitor, and manage your rental properties effectively.

We’ve all seen the advertisements for property management software, promising to put your real estate investments on autopilot. But does it live up to the hype, and how can you get the most out of it?

Have you ever had to travel out of town for your rental property business and wondered what the IRS does or does not consider deductible? Read on to learn more!

Let’s review the benefits of being a real estate professional, the criteria for becoming one, and best practices for proving your professional status to the IRS.

Most landlords use cash basis accounting, but do you know why? Let’s review the basics, the tax benefits, and some best practices.

There is a lot to keep track of when managing and keeping the books for a rental property investment. Check out our list of the top five bookkeeping errors we commonly see to make sure that you don’t make the same mistakes!

If you are as diligent as you should be about storing key records and documents, you may find yourself swimming in paper or electronic files and wondering: how long do I need to keep this stuff?? Read on for the answer!

Having an insurance policy for your rental property helps offset the costs to repair damage from accidents, vandalism, or natural disasters. But once the insurance company has processed your claim, how do you account for the insurance payment?

We all think of April 15th as Tax Day - but did you know that there are different filing deadlines for different tax forms? Read on to learn more!

Keeping accurate financial records is important all year long, but as tax season approaches, many real estate investors start thinking about one question: What information do you need to file taxes for rental property investments?

The beginning of a new year isn’t just tax time, its also an opportunity to review your accounting processes and make adjustments to get the new year started off right!

Double-entry accounting may sound more difficult at first- but it is the standard for a reason! Read on to learn more about how double-entry accounting can minimize errors, eliminate the need for duplicate transactions, and increase the chances that your rental property books balance!

If cash is king - then you better be familiar with a cash flow statement! Let’s discuss what a cash flow statement is, how it differs from a balance sheet and income statement, and how to read it correctly.

Whether you’re interested in flipping one property or starting a business dedicated to house flipping, it’s important to have a good accounting system in place!

House hacking is a popular way to get started in real estate investing - and for good reason! But since house hacking inherently blends personal and rental costs, there are some implications for your accounting that you should be aware of, especially at tax time.

Every rental property investor takes depreciation deductions on their taxes every year, but not every investor knows exactly what that means or where those numbers are coming from. Read on for a primer on rental property depreciation!