As an accountant, I do not get why business owners/investors focus so much on the bookkeeping when their expertise is on investing.My typical month-end things I do as an accountant:Bank RecsAnalyze the GL (reclass, if necessary)Make sure Mortgage, Utilities, and Property Taxes are paidCredit Card ReconciliationsReview Income & Expense statementReview Cash balance (this is mostly every time checks are cut) to make sure there's enough for mortgageYear-end:Gathering all backup and documents for the tax accountant or auditorThis includes GL should be close to perfect.Review of Income Statements and Balance SheetsFiscal Year-end bank rec which should match the balance sheet's numbersPrepare 1099sPrepare any CAM reimbursements (commercial tenants properties)As for flipping - same concept, just making sure that the closing entries are done correctly.

Even thought tenants pay base rent and then CAM on top they cap the leases to a certain percentage.

I like strip centers for myself and my clients. 2% ANNUAL increases triple net with CAM re-imbursements and per sq ft is in the 100 to 200 sq ft range and cap rate is much higher with cash on cash.

This edition focuses on the implementation of the new HOA Property Manager (aka Community Association Manager (CA)) licensing program, HOA Transfer Fees, HOA and CAM dispute resolution and complaint filing with the State, and a host of other HOA issues.

Zap Your Profits.Word of caution - QuickBooks will not automatically calculate CAM, NNN, NN, N, Gross sales escalations.

In Georgia, you can manage your own rental properties if you are not also managing properties for others; otherwise, you must be a licensed realtor or CAM and work under a Broker.  

Not to mention subject further CAM billings to additional scrutiny. 

Fade in fade out with a little background music (much better than shaky handy cam with someone talking through the vid). 

OK well here's what I cam up with.  

Hey all, I'm Cam and I'm just getting into the Richmond, VA wholesale game.