I use Baselane for banking/ book keeping. It's been a great $0 option. Has all the reports and classifications I need. But I am stuck on OTA hos fee's. My OTA accounts deposit directly into the selected account. I assign the deposit as short term rent. The issue i have is this deposit is the net proceeds after the OTA has taken their cut. Accurate book keeping would show the full rental revenue (and cleaning fee's) then an expense for the OTA host fee. Do i need to make 2 additional entries for this? 1. Add the OTA host fee as rental revenue. 2. Add the OTA host fee as a commission expense? this would net to $0, but would help the revenue match the 1099 from the OTA's. Thanks for the help, sorry if this has been answered before. I did a search first and couldn't find anything. Bill

If you're looking for accounting software, check out REI Hub. I recently started using it, and I love it so far! I've always been good at keeping receipts/ invoices, but was never sure I was catagorizing my expenses correctly and saving my scanned documents in the most efficient way. REI Hub has taken all the guesswork out of the equation. You connect it to your bank account and the credits & debits automatically transfer into the Hub. There you can assign the transaction to the appropiate catagory and then upload your receipt/invoice to that specific transaction. It's giving me a clear picture of my STR financials and make tax time suck just a little bit less this year. Please like and comment as I need to get to level 3. 😀

Every Friday, you get exclusive access to live sessions designed to help you save on taxes, build wealth, and get real-time answers to your questions — all led by me. 🗓️ Here’s what’s happening every Friday (CST time): 9:00 AM – Tax Strategy 365 Members Only (VIP) 🔍 Deal Analysis + Live Q&A Bring your deals and your questions — we’ll break down the numbers and dive into strategy. 10:00 AM – Level 3 Community Members Only☕ Coffee Chat with RyanA more intimate conversation to go deeper into mindset, life, and long-term planning. 12:00 PM – Tax Strategy 365 Members Only (VIP)💼 Tax Strategy Q&A Rapid-fire Q&A to get your tax and investing questions answered live. 3:00 PM – Tax Return Clients(Premium) + Tax Strategy 365 Members (VIP) 📊 Tax Prep Support + Market Update We’ll help you with questions on your return, light strategy, and give updates on what’s happening in the market. ✅ Set your calendar.✅ Bring your questions.✅ Show up and level up. Let’s get to work.— Ryan

Hello everyone! I am going down the path of doing a small business acquisition and I am looking for financing options that are not SBA loans in the $3M-10M range. If you know of any lenders who lend in this space, I would love a referral! Thank you in advance!

Happy New Year! I'm relatively new to the group and looking to climb up from rock-bottom (in this group). My husband, Trevor & I together have 4 STRs, currently building another, and looking to invest in a couple more in 2026. We need tax savings tips to keep money in our pockets rather than giving it to Uncle Sam to blow. That money will allow us to build our portfolio stronger. I'm also looking for bookkeeping tips. I'm not a numbers person, but feel like my recordkeeping & organizational skills are there so that I can do it with a little direction. (I get started and then start questing whether I'm tracking and categorizing all the right things.) Any tips or recommendations would very much be appreciated. If you don't have anything to add, a like would be much appreciated so that I can climb up from rock-bottom. Thanks!