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hello I'm Tony from build iam and today I have here with me Brandon Hall the real estate CPA and we're going to be talking about real estate property management best practices in accounting for property managers specifically well thanks for joining us Brandon how you doing today good good thank you very much for having me so I wanted to jump in first with an initial question what are some basic accounting concepts that property managers tend to need help with in your experience yeah so in in our experience property managers are generally not accountants they are they're very good at managing property is not so great at accounting for those properties so one of the things that we often see confused is where do we report capex so those are capital expenditures and it takes a little bit of tax knowledge as well to book these expenditures correctly because if I spend $2,600 on a roof repair that would be booked as a balance sheet item not a current expense but if I spend $2,400 on that sa...