Presumably your on site PMs function as your book keeper for each property or perhaps you have a paid book keeper?

@Geoffrey BissenIt is NOT always best practice to hold each property in an LLC.This is something you should discuss talking with an attorney/insurance agent with and formulate a gameplan based on your risk tolerance, risk exposure, net worth, etc.Holding a property for someone who has 25 properties would be overkill in compliance costs.1) Costs to form each LLC2) Annual Costs to keep each LLC active3) Bank fees for each LLC(which they may have if the bank requires a minimum balance)4) Bookkeeping fees if required for each separate LLC5) Registered agent fees for each LLCetc, etc etcMaybe the right exposure is 2, 3, 4 or 5 properties per LLC.Maybe you should get proper insurance and have one LLCor maybe you have one LLC that has a maximum value of $500,000 and have it insured up to that amount.

I’m going to cross post this in a few places, and to be clear, I am NOT talking about software or a bookkeeper that specializes at any of the following:bookkeeping for taxesrent roll and property managementproperty purchase assessmentrenovation budgets and build managementtraditional stock market investmentsbusiness managementpersonal financesI am looking to take information from all of the above areas and create a holistic cash flow, net worth, short term and long-term automated projection of EVERYTHING all at once.

I’m going to cross post this in a few places and to be clear, I am NOT talking about software or a bookkeeper that specializes at any of the following:bookkeeping for taxesrent roll and property managementproperty purchase assessmentrenovation budgets and build managementtraditional stock market investmentsbusiness managementpersonal financesI am looking to take information from all of the above areas and create a holistic cash flow, net worth, short term and long-term automated projection of EVERYTHING all at once.

I’m going to cross post this in a few places and to be clear, I am NOT talking about software or a bookkeeper that specializes at any of the following:bookkeeping for taxesrent roll and property managementproperty purchase assessmentrenovation budgets and build managementtraditional stock market investmentsbusiness managementpersonal financesI am looking to take information from all of the above areas and create a holistic cash flow, net worth, short term and long-term automated projection of EVERYTHING all at once.

@Sue Chen I think you are misunderstanding what they do, they provide specific services such as entity creation, bookkeeping, estate planning it doesn't appear that they just give you general advice. 

If you want to understand more how I handle this bookkeeping, I’d be happy to chat with you.

If you’re talking about having a bookkeeper etc.

Hi everyone,Me and my team are still learning and we would appreciate if you can give any recommendations on how you go about your book keeping.

Your own bookkeeping will show what amounts have been taken as owner's draws, and your Operating Agreement should stipulate how and what happens if you are drawing on the starting capital.