Updated about 1 year ago on . Most recent reply
Book Keeping - Who to Hire
I am thinking of hiring a Book Keeper, CPA, or Assistant to help in running and scaling my fix and flip and long term rental business.
Any advice from those with more experience in this field are appreciated.
Most Popular Reply
@Shane Quin In 2023 my accountant told me I needed a bookkeeper as I scale my portfolio. For reference I have 31 units. I immediately went out and hired one who I worked with from May 2023-September 2023 to get my books setup.
Fast forward to February 2024 when I contacted the bookkeeper to see about getting my stuff to do my taxes and I discovered they hadn’t even started, hadn’t been to their office in months, and that I needed to find someone else.
I went through 2 more potential bookkeepers before I posted on my local Facebook town site for recommendations and got a good one.
We’ve hit it off and it took about 20 hours to square away 2023 and 2024 to date. We now meet via Zoom for about 20 minutes 2X per month.
Depending on the size and complexity of your existing situation it may take some work for your new person to get you up and running. Get your books set up right the first time, it’s worth it in the long run.