EducationI recommend hiring a good CPA and good bookkeeper that communicate well with each other and you will do great.  

We have a bookkeeper and guy that does all of our purchases Eric so to me it is zero effort less typing out some responses in this thread.

She's the one keeping the books, can I claim bookkeeping fee's for her?

Hi everyone,I am wondering how you guys are doing accounting and bookkeeping for your rentals, doing by yourself, hiring bookkeeper or hiring accountant?

Hello,I am new to the site and am currently working on learning accounting and bookkeeping for our 1st rental property purchase.

The day-to-day operations would be handled by local property managers, and monthly books kept by an hourly book keeper.

Still have to do craigslist manually though :(Buildium also replaces Quickbooks with a very decent bookkeeping system and fairly robust reporting capabilities.As far as the rent collection, the tenants can set it up be a one-time payment or to recur monthly, weekly, bi-weekly, etc.

Lots of folks hire bookkeepers very early on.

Should we hire a local bookkeeper?

I've used weeks in my Cancun rentals for tires, dentist, chiropractor, subcontractors of every type, restaurant script, landscape maint, autowork, professional photography, bookkeeping, other vacation rentals, surveys, computer, guns/ammo, printing, and appraisals to name a few.