The stuff no one talks about

[Ryan Gross]

Hey Guys, 

I'm a relatively newer investor. I currently have 3 units and I feel like my momentum is really picking up. That being said I've struggled to find information about bookkeeping and accounting for someone in my situation. 

I've started an LLC, opened a business checking, and am now looking at the most cost effective/time effective means of managing my expenses and income. Last year I got murdered on taxes because I was just collecting rent and not paying attention to the accounting side of real estate.

Only having three units I don't feel I can justify spending hundreds on accounting software that is much more powerful than I need. 

I've also come across the "Bkper Sheets" extension for google, but it does not seem to be geared towards real estate.

If anyone has insight (resources) on how they managed their accounting early on I would appreciate it!  

Thanks!  

[Caleb Heimsoth]

This should all be able to be done in excel. Keep receipts. Spend business expenses out of the same account.

Have a professional do your taxes. You can probably find this for 400-600 once a year