Any founders & owners of fractional CFO, accounting, bookkeeping firm? 

Being added as a collaborator can help more with strategy and bookkeeping questions. 

There are quite a lot of repairs or daily requests from guests, more bookkeeping due to consumables, extra utilities, pool service, lawn service, internet, etc.  

Manager, bookkeeper, 2 maintenance guys, maintenance manager, project manager.Biggest lessons.- Buy or scale quick enough to be able to hire a handyman full time (students are relentless)- Just tell your PM team to make the the tenants - life is easier that way

 $1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).  

@William Coet, as noted, it sort of depends on where you are looking to protect liability.The most common reason I hear when working with investors who invest in a syndication through their LLC is honestly for ease of bookkeeping and record keeping.  

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

As bookkeepers for real estate agents, here are a couple of questions that we get frequently:Can I just estimate my business mileage?

A lot of our bookkeeping Clients currently have a PM software to manage their properties and we use QBO to act as their master accounting software to merge all property-specific transactions with general business transactions.If all of this could be in 1 central software, that would be great.

Our accountant never actually sees our Buildium software, my husband does the bookkeeping and accounting.