I would give them a set date and if the security deposits were not transferred on that date immediately have an attorney ready to go to take action.Unfortunately, I have seen poor management companies mishandle their bookkeeping and accounting and were either unable to return the security deposit due to bad management practices, or simply embezzled the funds.

If you are doing it yourself you can take off 10%True, in principle, from a book keeping point of view, but it means you are "working for free" then (i.e. you don't count the value of your own time/effort)

Although it is cumbersome to track multiple bank accounts, my bookkeeper doesn't have to guess which property the expense goes to, because if it was on the credit or debit card for that building, then the expense is charged to that building.I personally use Quickbooks, but used Quicken for a long time.I strongly recommend that you contact each tenant, knocking on the door if you have to, and get contact info.

There are separate fee structures for each component (taxes/bookkeeping and legal), and you pay a fee up front and then a monthly retainer.

Is it better to wait until I have a full year of bookkeeping?

Cons would be (I assume) higher costs due to separate loans.Benefits to a blanket loan would be cost and simplicity of book keeping etc..The second part would be;How would this affect any of us as far as the 'four conventional loan limit' for future purchases?

He's not in Indy but since we have a bookkeeper (me, haha) he really only gets involved at year end and so far, we haven't had any issues with long distance communication.  

Can I bill them for book keeping?

Widget CPA and Bookkeeping in St.

A book keeper, A CPA, somebody to call maintenance people, a lawyer does the evictions, somebody else does the screening, etc etc.