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 05, 2019 Podio App-Based Tasks and Checklists
In this episode, Nick Baldo delves into advanced Podio techniques, comparing app-based tasks with native tasks. He explains the usage of checklists in Podio, triggering a flow in GlobiFlow, and the process for creating new checklist and task templates. He also demonstrates initiating a flow from a new vacancy in Podio and explores the power of app-based tasks. The episode concludes with future plans for the video series.
End to End Podio Training: https://www.incomedigs.com/pcc
Get the new App-Based Tasks & Checklists Template: http://bit.ly/taskchecklists
Free Download: https://www.incomedigs.com/qbosetupguide
So many of our businesses are run off of repeatable processes and checklists. We’ve come up with a really cool way to automate this with Podio and Globiflow. Want to give it a try? Get in touch and we can talk about getting this exact framework into your workspace!
Our website: https://www.incomedigs.com/
Instagram: @IncomeDigs -https://www.instagram.com/incomedigs/
Facebook: https://www.facebook.com/IncomeDigs/
(0:00) Introduction to Podio advanced techniques
(1:55) Comparing app based tasks vs native tasks in Podio
(3:26) Understanding checklists in Podio
(5:05) How to trigger a flow in GlobiFlow
(7:29) Process of creating new checklist and task templates in Podio
(9:20) Initiating a flow from a new vacancy in Podio
(12:10) Exploring the power of app based tasks in Podio
(12:54) Closing remarks and future plans for the video series
...more
14min
March 22, 2019 Podio for Property Management Template
In this episode, Nick Baldo introduces listeners to Property Management Workspace in Podeo. He dives into understanding system relationships, properties, and entities, and explores built-in features like Rent Roll Report and leases. Nick also covers system enhancements, document management, lease management, tenant communication, system scalability, and financial management. He concludes with final thoughts and purchasing information.
End to End Podio Training: https://www.incomedigs.com/pcc
Get the new App-Based Tasks & Checklists Template: http://bit.ly/taskchecklists
Get the template here: http://bit.ly/podiopropertymgmt
Automate your Real Estate Business
Get the Podio for Property Management Workspace Template
✓ Industry-best Podio architecture
✓ Over 75 powerful workflows
✓ Built-in reporting and property tracking
✓ One flat fee and you own it. NO SUBSCRIPTIONS!
✓ Video Training included!
(0:00) Introduction to Property Management Workspace in Podeo
(2:19) Understanding the System: Relationships, Properties, and Entities
(4:37) Built-in Features: Rent Roll Report and Leases
(7:07) Enhancements: Integration with Right Signature, PandaDoc, and Renter CRM
(10:21) Document Management: Generating PDFs and Managing Invoices
(12:34) System Capabilities: Tracking Renewals and Managing Vacancies
(15:17) Lease Management and Work Order Tracking
(17:51) Tenant Communication: Portal, Messaging, and Automation
(20:29) System Scalability and Training Options
(22:15) Financial Management: Invoices, Payments, and QuickBooks Integration
(24:00) Final Thoughts and Purchasing Information
...more
25min
March 06, 2019 How to Integrate Quickbooks Online with Podio - Using Zapier
In this episode, Nick Baldo discusses the use of Podio for property management, integrating accounting with QuickBooks, and utilizing Zapier for app integration. He explains the process of creating invoices in QuickBooks via Zapier, updating Podio with invoice details, and reporting unpaid invoices. The episode concludes with a preview on tenant portal management.
Real Estate Accounting: https://www.youtube.com/playlist?list=PL89qBCL2vU2sab5dEzpwJTZi0zTLjCDXJ
End to End Podio Training: https://www.incomedigs.com/pcc
Free Download: https://www.incomedigs.com/qbosetupguide
Quickbooks Online is an amazing tool for tracking the financials of your Property Management business. But QBO falls short in many other operational areas. Workflow automation software like Podio can help to fill in these gaps. This video demonstrates how to integrate Podio with QBO. As you can imagine, the possibilities are endless with an integration this powerful. Stay tuned for additional use cases as to how we can leverage the powerful functionality of many different Property Mgmt Software services!
(0:00) Introduction and overview of the episode
(0:38) Utilizing Podio for property management
(1:01) Integration of accounting with QuickBooks and Podio
(2:27) Introduction to Zapier and its use for app integration
(6:51) Process of creating an invoice in QuickBooks through Zapier
(12:15) Updating Podio item with invoice details from QuickBooks
(15:30) Importance and updates of QuickBooks invoice number
(16:58) Creating an unpaid invoices report in Podio
(17:31) Introduction to advanced applications with Zapier
(18:13) Preview of upcoming episode on tenant portal within property management
...more
19min
March 01, 2019 How to Manage Tenant Accounts Receivable in Quickbooks Online
In this episode, Nick Baldo delves into using QuickBooks Online for rental property management. He explores its dashboard, managing invoices, and cash flow analysis. Nick discusses accrual versus cash accounting, handling security deposits, and how to integrate QuickBooks with Podio for enhanced management and automation.
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
Perhaps the most crucial role of any property manager is corresponding with and collecting rent from tenants. Quickbooks Online has amazing accounts receivable functionality built right in! In this video, I'll show you how I use QBO to track my tenant rent balances, add late fees and send reminders.
Follow us on Facebook: https://www.facebook.com/IncomeDigs/
Follow us on Instagram: https://www.instagram.com/incomedigs/
(0:00) Introduction to QuickBooks online for rental property management
(1:12) Exploring the QuickBooks online dashboard and ways to view due amounts
(2:49) Managing invoices, reminders, and cash flow analysis
(5:21) Accrual versus cash accounting and its impacts on balance sheet
(7:11) Receiving payments and managing different types of invoices
(8:32) Setting up products, services, and creating new invoices
(10:57) Handling security deposits and understanding their impact on balance sheet
(13:06) Recording retained security deposits as revenue
(14:14) Utilizing QuickBooks as a tool for managing real estate investments
(15:02) Integration of QuickBooks with Podio for management and automation
...more
16min
February 15, 2019 How to Setup Your Quickbooks Chart of Accounts for Rental Properties
In this episode, Nick Baldo delves into the use of QuickBooks online for managing rental property. He guides listeners through creating recurring invoices, aligning chart of accounts with IRS categories, profit and loss management, and class-based expense tracking. The episode wraps up with a discussion on property-specific reporting capabilities and a call for viewer engagement.
Real Estate Accounting: https://www.youtube.com/playlist?list=PL89qBCL2vU2sab5dEzpwJTZi0zTLjCDXJ
End-to-End Accounting Course: https://www.incomedigs.com/reab2 (Enter Code YOUTUBE50 for $50 off!)
Free Download: https://www.incomedigs.com/chart-of-accounts
Visit our Official Website: http://www.incomedigs.com
Reduce time preparing your taxes...set up your chart of accounts to map directly to your IRS forms! Check out this demo where I show you how to establish your COA for Rental Property Management!
(0:00) Introduction to using QuickBooks online for managing rental property
(1:37) Creating and managing recurring invoices in QuickBooks
(4:48) Setting up and aligning chart of accounts in QuickBooks with IRS tax return categories
(10:07) Overview of profit and loss management on QuickBooks
(12:58) Class-based expense tracking and annual profit/loss report generation in QuickBooks
(14:18) Property-specific reporting and overall capabilities of QuickBooks for real estate investors
(15:24) Call for viewer comments, questions, and closing remarks
...more
16min
February 07, 2019 How to Manage Rental Property in Quickbooks Online - Sending Invoices to Tenants
In this episode, Nick Baldo delves into the benefits of using QuickBooks for rental management. He provides a hands-on tutorial on setting up invoices for tenants, customizing forms, and tracking accounts receivable. He also discusses how to set up products and services for rent and security deposits, and the impact on financial reports.
Real Estate Accounting: https://www.youtube.com/playlist?list=PL89qBCL2vU2sab5dEzpwJTZi0zTLjCDXJ
End-to-End Accounting Course: https://www.incomedigs.com/reab2 (Enter Code YOUTUBE50 for $50 off!)
Super Power your Virtual Assistant: https://www.incomedigs.com/sva-waitlist
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 an amazing tool for keeping your books in check. It also has great capability when it comes to managing Accounts Receivable. Check out how you can create invoices in QBO to send to your tenants and collect payment.
(0:00) Introduction to the episode and benefits of using QuickBooks for rental management
(1:06) Review of previous content and current financial status
(1:55) Practical tutorial: Invoices set-up for tenants and customizing delivery forms
(3:17) Customizing invoice appearance, content, and payment options
(5:23) Setting up products and services for rent and security deposits
(7:36) Creating and customizing an invoice for a tenant
(10:14) Viewing the invoice from a customer's perspective and tracking accounts receivable
(11:43) Checking the impact of the invoice on financial reports
(13:14) Wrap up and preview of next episode's content
...more
14min
February 01, 2019 Tracking Rehab Expenses in Quickbooks Online - Part 5 - Using a Temporary Fixed Asset Account
In this episode, Nick Baldo provides a tutorial on year-end journal entries for capital improvements and modifying chart of accounts for property specificity. He also discusses transferring spending between accounts, demonstrates a practical year-end journal entry, and emphasizes the importance of consulting with a CPA. The discussion on property value on balance sheet concludes the episode.
Tracking Rehab Expenses in Quickbooks Online: https://www.youtube.com/playlist?list=PL89qBCL2vU2uG03qnF_SPUw_NX7ZtauNQ
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 how to use a "temporary" fixed asset accounts to track your rehab expenses throughout the year. Then make a really simple journal entry at year end to get all the improvements allocated to right property.
(0:00) Introduction to the tutorial and series overview
(1:19) Utilizing year-end journal entries for capital improvements
(2:17) Modifying chart of accounts for property specificity
(4:08) Strategy of transferring spending between accounts
(5:35) Practical demonstration of a year-end journal entry
(7:43) Importance of consulting with a CPA before implementation
(8:03) Discussing property value on balance sheet
(9:10) Wrap up and preview of upcoming series
...more
10min
January 25, 2019 Tracking Rehab Expenses in Quickbooks Online - Part 4
In this episode, Nick Baldo explores depreciation of capital improvements and property tracking. He introduces a QuickBooks Online guide for investors, discusses how to record depreciation, and sync bookkeeping with tax records. Nick also shares tips on tracking expenses for different properties, adjusting balance sheets, and using class tracking for expense differentiation.
Tracking Rehab Expenses in Quickbooks Online: https://www.youtube.com/playlist?list=PL89qBCL2vU2uG03qnF_SPUw_NX7ZtauNQ
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 super cool way to track your CapEx expenses for different properties! Leverage class tracking and display Classes on the columns of your balance sheet! Did you know QBO reporting was so powerful? Stay tuned...we're only scratching the surface of all QBO can do.
Do you have any specific questions related to QBO or Real Estate Accounting in general? Please post in the comments. Our best video topics come directly from our audience. Suggestions are greatly encouraged.
(0:00) Introduction to the episode
(0:14) Depreciation of Capital Improvements and Property Tracking
(0:59) Introduction of QuickBooks Online Guide for Investors
(3:00) Recording Depreciation Through Journal Entry
(4:07) Synchronization of Bookkeeping with Tax Records
(6:26) Tracking Expenses for Different Properties
(8:09) Adjusting Balance Sheet for Property Tracking
(9:21) Use of Class Tracking for Expense Differentiation
(11:34) Alternative Methods for Property Expense Tracking
(12:12) Wrap-up and Introduction to Upcoming Content
...more
13min
January 19, 2019 Tracking Rehab Expenses in Quickbooks Online - Part 3
In this episode, Nick Baldo delves into the use of QuickBooks in real estate, focusing on balance sheet setup and tax preparation. He explores automation, expense tracking, account setups for depreciation schedules, and the distinction between structural and 5-year accounts. He also discusses routing expenses to correct accounts, managing non-structural basis, and balance sheet transactions. The episode concludes with tips on managing multiple properties.
Tracking Rehab Expenses in Quickbooks Online: https://www.youtube.com/playlist?list=PL89qBCL2vU2uG03qnF_SPUw_NX7ZtauNQ
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
In Part 3 of this QBO series, I show you how to track expenses directly to asset accounts. In addition, we break down your asset accounts to allow for multiple depreciation schedules.
(0:00) Introduction and Recap of Previous Episodes
(1:10) QuickBooks for Real Estate: Balance Sheet Setup and Tax Prep
(2:07) Automation and Tracking of Expenses
(2:47) Depreciation Schedules: Account Setups and Adjustments
(5:26) Structural vs. 5-Year Accounts: A Deep Dive
(7:00) Routing Expenses to Correct Accounts
(8:21) Non-Structural Basis: Creation and Management
(9:04) Balance Sheet Transactions: Additions and Management
(10:42) Upcoming Content Teaser: A Focus on Depreciation
(11:26) Managing Multiple Properties and Closing Remarks
...more
12min
January 11, 2019 Tracking Rehab Expenses in Quickbooks Online - Part 2
In this episode, Nick Baldo dives deep into real estate transactions, specifically focusing on filtering them by property. He explains how to capitalize expenses, including the intricacies of journal entries and balance sheets. Nick also consults with a CPA on these matters, reviews an updated balance sheet, and discusses how books align with taxes. The episode concludes with a look at the year's profit and loss statement and an introduction to accounting codes.
Tracking Rehab Expenses in Quickbooks Online: https://www.youtube.com/playlist?list=PL89qBCL2vU2uG03qnF_SPUw_NX7ZtauNQ
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
Following up on the initial video, I show you how to make year-end journal entries to get your balance sheet right!. Use the Product/ Services function within QBO to organize your rehab business
(0:00) Introduction and recap of previous episode
(1:26) Filtering transactions by property in detail
(2:25) Capitalizing expenses: journal entries and balance sheets
(6:27) Practical demonstration: moving capital to balance sheet
(7:22) Consultation with a CPA on capitalizing expenses
(9:38) Examining the updated balance sheet post-journal entries
(10:06) Understanding how books match with taxes
(11:03) Final review: Profit and loss statement for the year
(11:50) Introduction to accounting codes and obtaining them
...more
14min

FAQs about Income Digs:

How many episodes does Income Digs have?

The podcast currently has 118 episodes available.