Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

20
Posts
27
Votes
Ryan Gross
  • Rental Property Investor
  • Ogden, UT
27
Votes |
20
Posts

The stuff no one talks about

Ryan Gross
  • Rental Property Investor
  • Ogden, UT
Posted

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!  

Loading replies...