Rentals Accounting & Bookkeeping: How To Maximize Your Potential Loans, Understand BRRRR Method: Bookkeeping For Landlords
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If you’re a busy real estate investor managing a portfolio of rental properties, it might be tempting to let administrative work fall to the wayside. For instance, bookkeeping is something that tends to take the back burner for entrepreneurs who don’t particularly enjoy filing receipts or reconciling expenses. However, setting up a strong rental property accounting system is a must for running a well-oiled real estate business and making sure you get the most out of your investments.
Throughout the book, the author tells investors not only how to categorize different transactions, but why different categories can change how much investors will pay in taxes, what kinds of loans investors will qualify for, and how to strike a balance between tax liability and future financing. With suggestions on what tools and software landlords should be using, and some keywords and phrases investors will need to be comfortable with when talking to their CPA, Lionshare Bookkeeping crams years of real estate bookkeeping experience into one quick read you can reference again and again.