When will an investor need accounting help

[Massiel Pezzino]

I looking for feedback for my business. As an investor when would you consider hiring a bookkeeper/accountant? How important is this for you?

[Alecia Loveless]

@Massiel Pezzino I’ve always had an excellent accountant to do my taxes. Two years ago when I hit 6 properties and about 24 units he told me I needed the help of a bookkeeper because my system was not sufficient. I was trying to use QBO without any knowledge of the system.

I’ve since hired a great bookkeeper who set systems in place in QBO and it’s been great. She did offer to teach me to do some of it myself but I’ve decided that’s not the best approach for me.

You can easily hire someone to set you up a system. I’d recommend starting sooner than later and you’ll see it makes figuring out your finances much easier.