Playing with the idea of RE Accounting

[Matt Bob]

I have done tax prep for 7 years and the rentals are always a low value, high input tax return. The client thinks bringing in a wad of receipts is legit and you're stuck categorizing everything in excel while thinking about how much trouble you'll be in for spending too much time on the return (like you wanted to). 

The clients almost never bring everything in, which tells me they don't really know what's happening with their investments. 

I am playing with the idea of starting my own business where I categorize rental properties monthly and POTENTIALLY prep the tax return at year end as well. I could also help prepare Personal FS's. If I didn't do the tax return, then the CPA would just have to 10-key things in in a matter of seconds.

Is there a need for this In the rental business where investors would be willing to pay?

Thanks in advance.

[Joe Villeneuve]

1 - Right here for one.  

2 - Setup a website with related info and have this as an offering for sale.

3 - REI groups you belong to...as well as online ones you belong to.