And I have a bookkeeper on staff.

:roll: I had a handyman for repairs I couldn't do, but I did rent collection, evictions, lock outs, all the bookkeeping, etc....But I also had a 2 year old drown in the pool of a rental I was managing.

Marc - seriously - re read the first sentence Jon wrote - get a CPA and or bookkeeper - will totally be worth the investment.Some will even teach you how to input things correctly into quickbooks - mine did.

That includes forming a business entity, taxes, bookkeeping, marketing, talking to buyers and sellers, contract engineering, negotiating, title issues, and the list goes on.I missed a couple of deals at first because I was afraid to pull the trigger and other investors picked them up.I got my first deal in July and it was a piece of cake.

I follow John Hyres KISS guide to book keeping... if you own mobile home notes, you should really, really, really look at his stuff... really... that is not a endorsement, it is a rave...

The law specifically targets those of you in the following professions: Accounting (including bookkeeping and financial services), law, health, engineering, consulting (This is a catch all for a service based), brokerage (this includes real estate agents, insurance sales, stock brokers, basically anyone that sells for a commission), investment management, sports and performing arts."

I am currently an Adult Education Student studying Bookkeeping.

Chances are, the book keeper, receptionist or whoever who worked up the bank deposit doesn't question each check as to whether they should have received it or not.I think they followed a standard business policy, and probably a business law or two are out there that support it.

Real estate became my first business and didn't realize how much work it takes to run a 1 man company (LLC) from bookkeeping, tax issues, LLC duties, dealing with attorneys, and knowing real estate law... and then the obvious is finding deals

Hello colleagues,

I just found this site not to long ago and I am addicted!

A little bit about myself (this is my first post on here) I have two rental properties that have been rented for almost a year now, genera...