When you have multiple rental properties do you have separate accounts for deposits or just one account for rentals deposits and just separate it with your bookkeeping records?

a) Office Supplies (e.g. stamps, envelopes) b) Software c) Gas/Mileage d) Advertising + Payroll e) Concessions f) Lease loss g) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisorSecond, like you said it depends on the property, if older you'll need larger reserves.

And this way I just have to work on ensuring the bookkeeping is solid - the "burden of proof" is on the investor to prove the "child" series operate independently, so I make sure to keep the financing in line. 

My husband and I have 11 units and are at the point where we pay someone to do most anything except the property management and bookkeeping which is in my wheelhouse. 

One of them would essentially be a full-time job for about 10 days out of the year, plus some marketing and book-keeping during the rest of the year.

get the other side rented out properly, with proper contracts, then also properly maintain seperate accounts for the rental income and expenses and bookkeep properly. stay firm but friendly as a landlord

Partners can't be employees of a partnership they have equity in, just like a sole proprietor can't be an employee of his or her proprietorship.Partners usually take a "guaranteed payment" if a regular, salary-like payment is needed.Perhaps add a tax CPA/EA to your team if your accountant is a bookkeeper/generalist and has limited understanding of tax law.

I have outsourced my book keeping, one of the happiest days in my life!

I think your CPA/Bookkeeper is the most important part of your team!

When you choose your bookkeeping program, you should choose the software that suits your needs the best.