I am thinking you may need to review all your systems from rent collection, book keeping to property management.

I have 4 rental properties which I have been book keeping by hand for the last couple years.

If it's Boeing or General Electric and it's a long term contract that will be much different than say having a bookkeeping contract with a local grocery store, the latter would probably not be considered unless you were just shy of meeting the two year mark.Other aspects will weigh on your application as well.

The seller's book keeping is horrible.

I also know that he uses over-seas virtual assistants and book-keeping providers.

Hi guys! Wondering what software/systems you guys use to track income and overall financial health on your portfolios. All of our different properties are in LLC's with the income & expenses attached to a bank acc...

Bryan, I like your suit and obviously you read a book to know about a manager's internal rate of return, but your further description of bookkeeping leads me to believe that you may not have, let's say, an advanced knowledge of accounting.

I've also seen people split expenses evenly, for example their bookkeeper cost would get divided evenly among the schedule E properties.

I let my book keeper deal with it.

We'll find out when I catch up with my book keeping?