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Updated almost 3 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Halifax, NS
46
Votes |
40
Posts

How to manage multiple projects / renovations - org. & Bookeeping

Account Closed
  • Rental Property Investor
  • Halifax, NS
Posted

Hi BiggerPockets People,

I'm a real estate investor in Canada. My business partner and I started investing (with intent) last year and since then we've done 3 flips and purchased 2 multifamily properties. We're BRRRR'ing these multifamily properties and thus have multiple renovations going on. Im hoping to learn from others how best to keep renovation expenses organized. We have just onboarded a bookeper and that helps, but doesnt necessarily help us organize and pay invoices. Its tough when you have 10 transactions from HomeDepo and keeping track of which is which. I will also add we work with contractors for labour, however sometimes we foot the bill on material pick ups. Any suggestions or tips help!

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