As a landlord, you have your hands full! You need to track things like
Having solid numbers means you will be buying based on accurate numbers rather than discovering missed expenses that come back to bite you later on.
It is best practice to maintain good records, but not everyone does. Sometimes when it is time to buy, sell, or refinance a property, you discover you don’t have your financials in the condition that the lender wants.
As long as you call us, you don’t need to feel overwhelmed or give up the deal. We can go back and recreate your financials for the property, or your business as a whole, as long as you have retained the receipts for your income and expenses.
You will want to be able to create a profit and loss statement by classification. We can set up your books to classify your invoices, bills, checks, and other data. Then, using a customizable set of business functionalities, we can create more versatile profit and loss reporting. To simplify your complex financials, we can show the profitability of each property on a single report.
Are you tired of the paperwork from your accounting records? Do you often lose receipts? We can turn all that clutter into a cloud-based record that will remain in good order for as long as you need it. No more searching for a transaction receipt in a pile of paper. You will be able to easily find what you need on your computer or even your smartphone.
At REI Bookkeepers, we can take the stress of bookkeeping off your hands so that you can manage the business of overseeing your properties. We can maximize your deductions with an organized system, saving you money year after year.