If you have been growing your business have you thought about outsourcing your bookkeeping to a virtual bookkeeper and saving yourself the time of keeping up with your books?

Hi Kelsey, I work as a Quickbooks bookkeeper/consultant and I think it's a very powerful program.  

Yes, but that is quickly shrinking with the rising cost of property taxes, insurance, security, cable, wifi, lawn service, PM fees, cleaning linens, book keeping, pest control, furniture and appliance maintenance, power and water, etc.Also, we bought the property new in 2018, rented it for a couple of years as a LTR and then when we went STR, we had to put over a $100K into it to upgrade it to luxury status to charge for the higher rents.The property has a great location right in the perimeter, and near to the Atlanta Airport, so that is what it had going for it. 

So, I hired a bookkeeper.

How much bookkeeping work do you have in  a year and what is his bookkeeping rate per hour?

They however were only concerned about my end of the contract (prepayment penalty) not their responsibility for their part of the contract.The judge said their “bookkeeping was negligent at best and their attitude about it appalling”.They of course are now appealing the decision and continue to try to bully me into just going away. 

The organization and logistics don't scare me as I have an awesome bookkeeper and CPA along with a real estate attorney.

Think of all the bookkeeping...I believe it is more of a personal preference.

I would set up a seperate checking account to simplify your bookkeeping and cash management. 

You need to make entries in your bookkeeping as you move the funds around.