Benefits for Landlords
You can have more time for life and more money in your pocket when we’re working on your team. Here are just a few of the things we can do for you:
- Organize your accounting software
- Develop processes that track your properties and their associated costs
- Give assistance and oversight to your property management team
- Keep your books current in a tax-compliant and tax-ready state
- Partner with your tax professional to optimize your tax return
Tracking For a Better Return on Investments (ROI)
Do you own retail, office, or multi-family, use the BRRRR method, or have single-family rentals? We’ll help you develop accounting processes to track all those and more. The first step is organizing your accounting software and current processes. We help you use your software to its greatest advantage.
Accurate books and processes allow you more time to live your life and your employees more time to manage your properties. Clarity in your accounting gives you peace of mind. You know your properties are being managed efficiently to bring you the biggest ROI possible.
Oversight Frees Your Team to Manage Your Properties
Your property management team already works hard. After we get the accounting processes in hand, we give your team help and oversight in developing budgets, reviewing the accuracy of reported expenses and capital improvements, and recording the day-to-day transactions for your properties.
Our role as bookkeepers and accountants is to help you manage your assets, while your property team manages the day-to-day operations.
Tax-Ready Books & Optimized Returns
When tax time rolls around it often creates a shudder, even in the most seasoned real estate investors. We believe it’s vital to work with your tax professional, who knows your personal and business tax situation better than anyone else. We’ll work together to develop a plan to maximize your deductions and minimize your tax burden.
We’ll do this by finding the most advantageous depreciation schedules for your properties and assets, and by coming up with processes to maximize your tax deductions when we record your depreciation and capital improvements.
We strive to make your tax professional’s job easier by creating a process that allows us to record depreciation, capital improvements, and day-to-day transactions. At the end of the day, we keep your books tax-ready, allowing you to save time and money on tax preparation services. And your tax-related anxieties are relieved when you know your books are being well-maintained.