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Updated 5 months ago on . Most recent reply

User Stats

56
Posts
14
Votes
Chi Sastry
14
Votes |
56
Posts

Bookkeeping servies for REI

Chi Sastry
Posted

Hi BP Friends. 
any recommendations  on book keeping services? Thanks! 

  • Chi Sastry
  • Most Popular Reply

    User Stats

    33
    Posts
    13
    Votes
    Kevin Aumack
    • Glassboro, NJ
    13
    Votes |
    33
    Posts
    Kevin Aumack
    • Glassboro, NJ
    Replied

    From my experience, the most important thing when choosing bookkeeping help for real estate is to find someone who:

    • Understands rental income and expenses, including Schedule E for taxes

    • Can track each property separately (or each LLC, if you have multiple entities)

    • Provides reports that make it easy for you or your CPA to see cash flow and profitability

    • Communicates clearly and responds promptly

    Even if you go with a freelancer, virtual assistant, or full-service bookkeeper, those are the key things I’ve found make the biggest difference.

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