I've seen investors dip into their IRA funds for things that they shouldn't be doing.I could save money each month by managing my own accounting and books in the office, but I'd rather pay for Quickbooks and have my bookkeeper come in and charge me a fee to make sure things are documented properly.Does Quest and others charge annual fees?  

There are also many other things that your PM company does such as bookkeeping, staff training, cap ex supervision, staff replacement if needed, additional staff if needed for special projects, liaison with the owner, etc.

In fact, the bookkeeper at my CPA firm says, "Jean, you make my life so interesting!".

My very first meeting, he announced he was looking for a bookkeeper, and since I had just moved back to Rhode Island and had experience keeping my own C-corp books with Quickbooks, we hit it off.I will say that finding a mentor - or even making other real estate friends - is a bit like dating.

My CRE just opened a bookkeeper position that would let me play with quickbooks, yardi, excel, and even possibly analyzing property acquisitions!

At the end of the day if you open a ton of LLC's you end up spending a lot on overhead of just filing taxes, book keeping, legal,  etc.

Your company has basic functions that can and should automated, for example, primary is book keeping and accounting, things like investor relationships and maintenance, and property management (or other asset management).

HI Ray,I purchased "The Landlord's Bookkeeper", and used that as a guide to initially set up QB2016 for my business and self managed property.  

But Stessa doesn't work on Android, nor does it help with my duplex bookkeeping, and neither of those will help with my schedule C commission income.

What’s the best user friendly software for rental properties & the best book keeping?