Managing contractors, property managers, bookkeepers, portfolio status, sellers, etc…

The three things to have in place are: 1) bookkeeping that is audit proof; 2) knowledge & plan of any government regulation/permits; your insurance expert informed any insurance updated as needed. 

Your team may consist of a Real Estate Agent, Property Manager, Mortgage Lender, Real Estate Mentor/Coach, Real Estate Attorney, and Accountant/Bookkeeper.

There are many activities that qualify for that time spent: collecting rent, bookkeeping, advertising, maintaining legal compliance, safety reviews, inspections, decorating, tenant approval, contractor supervision, obtaining insurance, paying taxes, and actual hands-on maintenance such as painting, mowing, weed pulling, changing air filters, all count. 

I am eager to get started and would appreciate your expertise in helping me set up QuickBooks for my real estate investments.Thank you for your time and consideration.Best regards, AndreI used a woman - debbie mullins bookkeeping. google her she is in texas. if you cannot find her info shoot me a pm and i can give you her contact information. she helps investors set up quickbooks 

I obviously would like to get set up with a book keeper, tax strategist, and lawyer before I make any moves so that I do everything correctly.

You now have 10x the tenants, 10x the insurance policies, 10x the bookkeeping, etc... to manage.

I do have a CPA for the S-corp, but all they do is complete the business taxes for me at the end of the year for $500, I'm still doing the day to day book keeping.

Steve,As a bookkeeper and investor of MF properties, the majority of my clients don't have a "parent" LLC.

I also use this same bank account for other properties which actually makes the bookkeeping even more manually, because I have to specify which transactions go with which property, which can be a headache and error-prone.