Profitable on Paper? Here's Why Your Rental Property Has No Cash скачать в хорошем качестве

Profitable on Paper? Here's Why Your Rental Property Has No Cash

Hi Landlords!  Have you been trying to use your profit and loss to calculate cash flow on a rental property? Are you wondering why QuickBooks says, you are making so much on your rental property, yet you have no money in your bank account, or not nearly as much as you thought you should? In this video I will show you how to calculate cash flow correctly using your profit and loss, and a couple of other reports from QuickBooks Online. _____ Hi, I'm Laurie Ellison from Hudson Valley Bookkeeping, Inc. We specialize in Real Estate QuickBooks coaching & Commercial Real Estate bookkeeping. My mission is to help solo-preneurs and investors get their time back by mastering their finances. _____ Check out our newest Youtube Short!! How to Calculate Cash Flow on Your Rental Property!    • The Excel Trick Landlords Use to Find Thei...   _____ 👇 BOOK YOUR FREE CONSULTATION 👇 I always speak with a client before scheduling to ensure we are a perfect fit. Click here to schedule a free 15-minute chat: https://hudson-valley-bookkeeping-inc... _____ Do you need more guidance setting up your QuickBooks? 👇We do QuickBooks COACHING on Zoom!👇 Email me at 📩 : hello@hvbookkeeping.com Call me at📱 : (914)294-2316 HOW THE COACHING WORKS: Time: Sessions are 60–120 minutes via Zoom. ⏰ The Asset: The session is recorded and sent to you. You will have a permanent reference video of us fixing your specific books. 📸 The Result: We stop the "guessing game" and ensure your data is tax-ready. _____ WHAT WE FIX IN A SESSION: We tailor every session to your portfolio. Common issues we solve include: 🏗️ Commercial Real Estate Setup Customizing the Chart of Accounts specifically for Real Estate. Selecting the correct QuickBooks version for your portfolio size. 🧹 Clean Up & Tax Prep Fixing the Balance Sheet and removing duplicate accounts. Reconciling bank accounts, credit cards, and mortgage statements. 💰 Buying, Selling & Financing Correctly posting 1031 Exchanges, property flips, and new purchases. Handling refinances and recording monthly mortgage payments (Principal vs. Interest). 🏢 Rent Rolls & Tenant Tracking Creating "Products/Services" to run a Rent Roll P&L. Automating rent invoices and receiving payments. Handling Security Deposits (recording, refunding, and fixing errors). 📋 Property Management How to post Property Manager statements into QuickBooks. Reconciling Escrow accounts. _____ FREE Downloadable Resources for You! ⬇ ⬇ ⬇ ⬇ ⬇ ⬇ ⬇ ✔Landlord Chart of Accounts: https://mailchi.mp/deeeabc1da5e/kvxd6... ✔Petty Cash Explained PDF https://mailchi.mp/hvbookkeeping/i1j2... ✔CAM Spreadsheet/Reconciliation Workbook: https://mailchi.mp/bcf2cfdb5e15/cam-r... ✔Sample Property Management Statement: https://mailchi.mp/84e8e387b867/g74df... _____ CONTACT HUDSON VALLEY BOOKKEEPING: 💻 Website: https://hvbookkeeping.com/real-estate... 📧 Email: hello@hvbookkeeping.com 📱 Call: (914) 294-2316 _____ Time Stamps 0:00 QuickBooks Rental Property Cash Flow Problem 0:32 Why Profit Loss Misleads Investors 1:26 Profit Loss Missing Cash Transactions 2:10 Real Estate Mortgage Payment Breakdown 3:05 Escrow Accounts Balance Sheet Transfers 4:02 QuickBooks Statement of Cash Flows Report 4:53 Cash Flow Report Limitations Explained 6:06 Balance Sheet Comparison Cash Tracking 7:01 Calculate True Rental Property Cash Flow 7:51 Export QuickBooks Profit Loss Spreadsheet 8:46 Manual Cash Flow Calculation Example 9:27 Key QuickBooks Reports For Cash Flow 10:04 Reconcile Bank Accounts Before Analysis 10:38 Reconciling Loans Mortgage Escrow Accounts 11:47 QuickBooks Reconciliation Best Practices 12:02 Final Real Estate Cash Flow Tips Disclaimer: This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Hudson Valley Bookkeeping, Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Hudson Valley Bookkeeping, Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them. Have a great day! Laurie Ellison