Transcribing transactions from bank statements, posting transactions to the correct accounts, and then manually creating an income statement, statement of owner's equity and a balance sheet is a fairly time consuming process and I have not been able to keep up with the book keeping between my regular work responsibilities.What accounting software do people recommend? 

However, I’m unsure of the actual process of paying myself as a business owner.Here are some questions I’m hoping to get clarity on:How do you legally and practically pay yourself from your Airbnb income?

I have found that the "value add" opportunities, with rent increases, renovations, zoning conversions, and other work needed, absolutely do take up more of your time compared to a more turnkey property - even with third party management overseeing the process. 

If your current deposit already equals one month's rent, you can't request additional funds.Keep the lines of communication open with your tenants, explain the process clearly, and you'll avoid any misunderstandings.Good luck!

If you don't sign the contract and hire that agent, then they legally shouldn't be working for you.

We've done demos with all of the big name PMS options and are finding big gaps with all of them, mostly when it comes to payment processing.

That being said, I had to translate a lot of documents on my own for the loan process, so there was more effort involved.

This just seems like it puts me in a potential bad situation if something goes wrong during the process.  

@Dutch Mendenhall Why is RADD making this such a painful process.

Always get multiple lenders working for you in the due diligence process!