HATE Bookkeeping. HELP.

[Karina Busch]

Hello BP community. I am a newer investor with a few properties now, started my LLC in Jan 2024. I have a Bookkeeper for my farm expenses/income but I am not sure if she has any RE experience and has not gotten back to me if she will do it or not as she has suffered a health crisis this year and has cut back some.

Basically, I get very overwhelmed by the bookkeeping side of things. IDK why, I am an intelligent professional but as soon as I get behind I just kind of give up and get more behind. What is the best strategy for me to look into? I am small still so don't want to spend a fortune but am happy to pay for this service. BUT I feel like I still have to have a ton of involvement especially with multiple rehabs etc, to dictate what expense is from what property and what the purchase was for etc. to be sure deductions and depreciation are correct. Am I overcomplicating this? Any advice is appreciated. I enjoy looking for deals and figuring out how to rehab the properties etc, but I hate the accounting side. Any advice is appreciated. PS: I have an excellent CPA, not looking to change, just looking to figure out a better process to streamline expense/income tracking and allocation to different properties. Thanks!

[John Vietmeyer]

I hatted book keeping until I started using Stessa.  All expenses get imported automatically and I tag what it does not automatically categorize for me.  Takes a few min a week managing 8 rentals.