I'd like to have one place that is tailored to rentals where I can do all my bookkeeping. 

One of the cons I've found is the accounting/bookkeeping side is a little more arduous as you have to split expenses among the rental and your personal residence. 

The plan would be we'd want to do all the book keeping, property management, etc ourselves (until we acquire several rental properties) but I don't know what all that would intale. 

Hi everyone, Just a quick question about bank accounts and bookkeeping...so, with rents coming in and having to account for regular expenses as well as cap ex on each property, etc. do you end up having multiple bank accounts?

When tax time comes, I download the pdf’s from the irs website and plug ‘n chug.How are you doing your bookkeeping now?

It's used by many people:     - This means that in the future when I want to outsource my bookkeeping, I will be able to find someone proficient in quickbooks. 

But bookkeeping wise, the the unit I lived in, and the rentals became two properties on the schedule E, the original rentals, depreciated from day one, and the unit I lived in depreciated from the day I moved out.

I’m looking into getting a va to do my bookkeeping, I have my QuickBooks desktop set up, does anybody have any luck getting a va to do data entry?

My thinking at the moment is to bring on 2 people: a book keeper (monthly to do upkeep on accounting) and a virtual assistant.

Your bookkeeping is another issue.