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Bookkeeping for real estate investors and agents
Property-level books for investors, and commission tracking for agents. Every rental, flip and commission check recorded in the right place, so your Schedule E or business return is right and you can see which properties actually make money.
Monthly bookkeeping starting at $97 a month. Rental bookkeeping starting at $89 a month.
Real estate bookkeeping problems I see
- All properties mixed in one account with no way to tell them apart
- The full mortgage payment recorded as an expense
- Security deposits booked as rent
- Improvements expensed instead of depreciated
- Flips mixed in with long-term rentals
- Agent commissions, splits and marketing costs untracked
Who I work with
Long-term landlords, short-term rental hosts, house flippers, small multifamily owners and real estate agents. Rental owners also have dedicated pages: long-term and short-term.
What's included
- Books organized by property, so each one has its own profit and loss
- Rent, deposits, repairs, utilities and management fees categorized correctly
- Loan payments split into interest and principal
- Improvements tracked for depreciation
- Flips tracked by project, separate from rentals
- Agent income, brokerage splits and marketing costs tracked
- A year-end package for your tax return
Depreciation, done right
Use the Rental Property Depreciation Calculator to see your basis and schedule.
Your entity setup
Properties held in LLCs or an S-corp each need their own books. I keep them separate.
A mortgage payment
A landlord pays $2,000 a month on a rental loan.
| Interest (deductible expense) | $1,400 |
| Principal (reduces the loan, not an expense) | $600 |
| Total payment | $2,000 |
Made-up numbers. Recording the full $2,000 as an expense overstates deductions.
How it works
- 1
Free call
We go over your properties, entities and how money moves.
- 2
Setup or cleanup
Each property set up as its own class or location in your books.
- 3
Monthly close
Books closed by the 7th, with a profit and loss for each property.
- 4
Year end
A package ready for Schedule E or your entity return.
What I need from you
- A list of properties, purchase dates and how each is owned
- Bank and loan statements, or feeds connected
- Closing statements for purchases and sales
- Property manager statements, if you use one
Documents go through my secure client portal, never email.
Real estate questions
Do I need a separate bank account for each property?
It isn't required, but it makes clean books much easier. At a minimum, keep rental money separate from personal money.
How is a flip taxed differently from a rental?
A flip held for resale is usually treated as inventory, with profit taxed as ordinary income, and isn't depreciated. A rental is depreciated and reported on Schedule E. Mixing them causes errors.
Can you work with my property manager's statements?
Yes. I record the gross rent and the manager's fees from their statements, not just the net deposit.
Do you prepare the tax return too?
Yes. See tax preparation.
Know what each property really earns
Book a free call, or send a message about your business.