Income Digs

By Nick Baldo

"Income Diggs" is a podcast focusing on the use of technology to help real estate investors and bookkeepers expand and streamline their operations. The show provides insights into technological soluti... more

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FAQs about Income Digs:

How many episodes does Income Digs have?

The podcast currently has 118 episodes available.

Income Digs episodes:

April 08, 2023 How to Use ClickUp Templates to Automate your SOPs
In this episode, Nick Baldo discusses the importance of SOPs, the use of ClickUp, and the role of virtual assistants in real estate investment. He delves into process flows, tenant onboarding, task management, and team collaboration. The power of templatizing work processes is explored, along with the introduction to the SuperVA course, and leveraging virtual assistants for business growth.
Enroll to Super VA: https://www.incomedigs.com/sva
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
Download our guide: https://www.incomedigs.com/qbosetupguide
Take your SOPs to the next level with ClickUp Templates. Add dependencies and additional attributes to your SOPs so that you can actually use them!
(0:00) Introduction to SOPs, ClickUp, and the role of virtual assistants
(1:24) Process flows and tenant onboarding
(3:12) Setting up SOP space in ClickUp and documenting process flow
(5:28) Task management: Adding custom fields, assigning priorities, and setting due dates
(9:51) Team collaboration: Assigning tasks and documenting tasks
(12:28) Creating and using templates in ClickUp
(15:06) Updating SOPs and templates for better efficiency
(16:07) The power of templatizing work processes
(16:30) Free resources and introduction to the SuperVA course
(17:00) Leveraging virtual assistants for business growth and conclusion
...more
18min
March 15, 2023 Quickbooks for Real Estate - Why your Balance Sheet is Off
In this episode, Nick Baldo delves into managing real estate accounting using QuickBooks. He covers adding properties to the balance sheet, recording loan payments, and understanding class display issues. He also discusses the use of journal entries, tracking fixed assets, and handling the "not specified" category in QuickBooks.
https://www.youtube.com/playlist?list=PL89qBCL2vU2sab5dEzpwJTZi0zTLjCDXJ
https://www.incomedigs.com/reab
1 Subscription, multiple entities: Quickbooks Online: Hhttps://www.youtube.com/watch?v=u8ml1QxvOF0&t=1s
Free QBO MiniCamp: https://bit.ly/3uNlesQ
You should not be using Locations to track property-specific transactions! Instead, use Classes or Customers. I show you why in this video!
(0:00) Introduction to managing real estate accounting in QuickBooks
(2:22) Adding a property to the balance sheet and under fixed assets in QuickBooks
(3:52) Making a loan payment and recording it as an expense
(6:26) Understanding the issue with displaying columns by class in QuickBooks
(8:43) Using journal entry for equivalent transaction
(10:13) Importance of not tagging the class for checking account transactions
(11:13) Tracking fixed assets, first position loan, and equity invested by class
(12:29) Addressing the "not specified" category in QuickBooks
(12:41) Conclusion and other resources at incomedigs.com
...more
14min
March 02, 2023 Utilizing Asana for your Virtual Assistant - Part 3
In this episode, Nick delves into the advanced features of Asana. He discusses how to create and use templates, manage task dependencies, and explore custom fields. He also shares how Asana can be used as a CRM, the benefits of project templates and SOPs.
Enroll to Super VA: https://www.incomedigs.com/sva
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
Download our guide: https://www.incomedigs.com/qbosetupguide.
Unleash the power of Asana with the Timeline, Custom Fields, and Project Templates
(0:00) Introduction and overview of the episode
(0:53) Deep dive into the premium features of Asana
(1:15) The creation and utility of templates in Asana
(2:55) Setting and managing task dependencies in Asana
(7:00) Exploring custom fields in Asana
(8:42) Asana as a CRM: A practical example
(10:16) The art of templating in Asana
(13:22) The benefits of project templates and SOPs in Asana
(13:53) Conclusion and feedback invitation
...more
15min
February 17, 2023 Utilizing Asana for your Virtual Assistant - Part 2
In this episode, Nick provides an in-depth overview of Asana, sharing insights on setting up teams and tasks. He discusses creating, assigning, and organizing tasks within a project, and explores how to use Asana for tenant onboarding. The episode concludes with a preview of upcoming content.
Enroll to Super VA: https://www.incomedigs.com/sva
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
Download our guide: https://www.incomedigs.com/qbosetupguide
Continuing our discussion on using Asana with your VA, in this video, I demonstrate the power of Projects to organize and templatize your work
(0:00) Introduction and Asana Overview
(1:29) Setting Up Teams and Tasks in Asana
(3:00) Creating and Assigning Tasks in a Project
(5:17) Organizing and Templatizing Tasks in Asana
(10:32) Utilizing Asana for Tenant Onboarding
(13:28) Episode Wrap-Up and Preview of Upcoming Content
...more
15min
February 03, 2023 Utilizing Asana for your Virtual Assistant - Part 1
In this episode, Nick introduces Asana for virtual assistants, explains task management on the platform, and highlights the efficient use of recurring due dates and task organization features. He also discusses how to delegate tasks to virtual assistants, enhance communication, and build a task library. The episode ends with an introduction to advanced Asana features.
Enroll to Super VA: https://www.incomedigs.com/sva
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
Download our guide: https://www.incomedigs.com/qbosetupguide
An essential piece of your Virtual Assistant workflow is a solid task management system. Check out this intro to using Asana to collaborate with your VA
(0:00) Introduction to Asana for Virtual Assistants and Setup
(1:24) Task Management: Adding, Assigning and Categorizing Tasks on Asana
(3:58) Efficient Use of Recurring Due Dates and Task Organization Features
(5:23) Delegating and Assigning Tasks to Virtual Assistants
(7:05) Enhancing Communication: Adding Instructions for Tasks
(8:42) Business Templatization and Building a Task Library on Asana
(9:41) Advanced Asana Features: A Brief Introduction
(10:07) Closing Remarks and Contact Information
...more
11min
September 15, 2022 Quickbooks Tutorial - Adding Accounts in QBO's New Interface
In this episode, Nick Baldo discusses the latest QuickBooks online interface update, demonstrating how to create accounts and differentiate between sub accounts and new accounts. He also addresses common questions about account creation, explores the preview feature, and highlights resources available at incomedigs.com.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
Quickbooks Online is always making changes. For better or for worse, the interface is dynamic. One of the most common questions I have is how to add accounts in the new interface. Check it out here!
(0:00) Introduction and topic overview
(0:34) QuickBooks online interface update
(1:24) How to create accounts on QuickBooks
(2:06) Adding an account through the new interface tutorial
(2:53) Sub account vs new account explanation
(3:32) Step-by-step guide on creating a sub account
(4:28) Addressing common questions about account creation
(4:56) Preview feature in the new interface
(5:13) Resources and courses available at incomedigs.com
...more
6min
July 08, 2022 Record the Sale of Real Estate in Quickbooks Online
In this episode, Nick Baldo delves into the complexities of real estate accounting. He discusses property sales, using QuickBooks, recording revenue, handling mortgage payoff, and categorizing expenses. He wraps up with key takeaways and a Q & A session.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
I just sold a rental property! Watch me properly record the sale in QB Online.
(0:00) Introduction and Overview of Real Estate Accounting
(1:30) The Sale of a Property: Deposits, Prorations, and Closing Costs
(5:13) QuickBooks for Property Sales: Recording and Matching Transactions
(9:50) Accounting for Property Sale Revenue, Rent, and Security Deposits
(13:43) Handling Mortgage Payoff and Recording Expenses
(16:10) Interest Expense, Cost of Goods Sold, and Other Key Concepts
(17:21) Categorizing Expenses: Realtor Fees, Attorney Fees, and More
(18:43) Wrapping Up: Mortgage Discharge Record and Checking Net Proceeds
(20:01) Tips for Escrow Balance and Importance of Downloading Transactions
(21:18) Key Takeaways: Zeroing Out Balance Sheet, Following Closing Statement, and Matching Transactions
(21:59) Q & A and Course Information
...more
23min
March 04, 2022 How to Estimate Rehab Costs for Flips and Renovations
In this episode, Nick Baldo introduces a comprehensive tool for estimating rehab costs in real estate investment. He discusses the importance of cost codes and provides a detailed tutorial on building out the scope of work. The episode also covers allowances in remodeling, building a catalog for the tool, labor calculations, and the use of Google Sheets for real-time updates. Finally, there's an introduction to the Real Estate Accounting Boot Camp.
Link to download Free Rehab Estimator: https://bit.ly/IDrehabestimator
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
The most crucial aspect of your Flip/ Renovation analysis is the Rehab costs. This comprehensive tool will ensure you are counting every penny and considering all aspects of the project.
(0:00) Introduction to the episode and discussion on the process of estimating rehab costs
(3:06) Introduction to the new comprehensive estimating tool and demonstration on its use
(9:08) Importance of having a list of cost codes and how to utilize them
(11:04) Detailed tutorial on how to build out the scope of work using the estimating tool
(14:20) Understanding allowances in residential remodeling and the use of options in project estimation
(18:00) Building a catalog for the estimating tool and how to import catalog items into a new project worksheet
(22:29) Editing, updating the project worksheet and understanding the dashboard
(24:20) The significance of labor calculations and additional considerations for project cost increases
(26:08) Using slicers to update pivot tables and charts in real time
(28:00) Utilizing Google Sheets for real-time updates, adapting profit percentages and the flexibility of the estimating tool
(29:05) Integration of the estimating tool with Builder Trend, QuickBooks Online and Baldo Trend
(29:36) Introduction to the Real Estate Accounting Boot Camp and conclusion of the episode.
...more
31min
February 18, 2022 Dynamic Real Estate Reporting in Google Sheets
In this episode, Nick Baldo provides a comprehensive tutorial on the use of pivot tables and Google Sheets. He shares how to customize dashboards, create charts, and simplify data for clearer visualization. He also addresses how to handle blank fields and import data from QuickBooks online. The episode concludes with a Q&A invitation.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
Check out this major Google sheet trick. Create dynamic reporting with pivot tables and slicers.
Related Videos:
Super-Power your Data with Google Sheets: https://bit.ly/36iAeTr
Superpower your QBO Data...and so much more!: https://bit.ly/3sTTVZh
(0:00) Introduction and tutorial overview
(2:40) Deep-dive into pivot tables and their uses
(6:13) Refreshing Google Sheets and applying get pivot data formula
(11:12) Dashboard customization including filtering data and creating charts
(16:02) Simplifying data for clearer visualization and creating comparative charts
(19:08) Handling blank fields and incorporating into the dashboard
(20:47) Managing axis issues and setting up combo charts
(23:02) Enhancing data visibility and importing data from QuickBooks online
(24:06) Closing remarks and invitation for comments and questions
...more
25min
February 11, 2022 How to use Quickbooks Online Bank Feeds
In this episode, Nick Baldo dives deep into the world of QuickBooks for real estate investors. He explains the difference between bank balance and QuickBooks balance, how to link multiple accounts, and manage transactions within the bank feed. He also discusses using journal entries for property transactions, managing cash flow with bills, and the intricacies of categorizing vs matching.
Enroll to Real Estate Accounting Bootcamp: http://bit.ly/reabcourse (Enter Code YOUTUBE50 for $50 off!)
End to End Podio Training: https://www.incomedigs.com/pcc
Check out our Podio Templates: https://bit.ly/3pE4DBt
Download our guide: https://www.incomedigs.com/qbosetupguide
The Bank Feed feature is QBO's major claim to fame! But it's also one of the most misunderstood. In this video, I'll show you the dos and don'ts of setting up and using QBO bank feeds.
(0:00) Introduction to the episode
(1:26) Understanding bank balance versus QuickBooks balance
(3:35) Linking multiple accounts in QuickBooks
(8:27) Detailed discussion on adding and accepting transactions within the bank feed
(13:28) Manually entering transactions in QuickBooks
(16:08) Using journal entries to record property buying or selling
(21:17) Using bills to manage cash flow
(25:46) Understanding categorizing vs matching
(27:29) Linking bank accounts in QuickBooks
(28:44) Conclusion and additional resources
...more
30min

FAQs about Income Digs:

How many episodes does Income Digs have?

The podcast currently has 118 episodes available.