Setting up multiple LLC's, paying annual filing fees, paying a CPA to file 6 tax returns, 6 bank statements, and keeping each separate may mean you now need a staff book keeper on payroll.

What i tell my clients is to do bookkeeping monthly.

I have also hired her as my bookkeeper. 

They should be able to give you context to the bookkeeping involved with your properties.

Now I need a book keeping software, what would you all recommend.

Hi Everyone - I am new to Bigger Pockets. I have one rental property. I am also a CPA and have worked in real state for over 10 years. I have have experience working for a big commercial real estate REIT for over 8 ye...

After that it's just basic book keeping and sending out a few messages a couple times a week.

I keep the bookkeeping separate for each property.

@Daria B.The way my cpa and book keeper do it The UPB is irrelevant.I paid X ($60k) for an asset.If it sold for $100k I made $40k profit.

As you fellow Investors and Small Business Owners approach the end of 2021 and may be considering outsourcing… -your monthly bookkeeping-a full 2021 books cleanup-or, even having your books professionally set up for the first time (I’ve been there) … Here are a few introductory questions to consider asking when interviewing a myriad of Bookkeeping Professionals to see who is the best fit for you and your business(s).