Bookkeeping for real estate investors, property by property

Why investor books are different

Real estate investors don't have one business. Each property has its own rent, repairs, loan, taxes and insurance. When it's all mixed together in one account, you can't tell which properties are carrying the portfolio and which are dragging it down. And rentals and flips follow different accounting rules, which matters to your CPA.

What I handle for investors

• Profit by property: each property set up as its own class or location in QuickBooks Online, with its own income statement.
• Rentals vs. flips: rental properties recorded as long-term assets; flip costs tracked on the property until it sells, so profit is right on the closing date.
• Security deposits: held as a liability, not income, so your books match what you owe tenants.
• Earnest money and closing statements: settlement statements recorded line by line, so purchase price, closing costs and prorations land in the right place.
• Mortgages and loans: each payment split into principal, interest and escrow, and reconciled to the lender's statement.
• Repairs vs. improvements: recorded consistently so your CPA can depreciate what needs depreciating.
• Monthly reconciliations and financial statements: CPA-ready books every month, not just in April.

Who this is for

Buy-and-hold landlords, BRRRR investors, house flippers and small property management businesses in Youngsville, Wake Forest, Franklin County and the Raleigh area. Whether you have two doors or twenty, the setup scales with you.

How it works

We start with a quick call about your portfolio, then I review your current books and bank accounts. Monthly plans start at $300 per month. If your records are behind, a cleanup comes first so your history is accurate before we move forward.