I've never seen that function while doing my own client stuff.I'm afraid your accountant might have to do the work again.

Keep it safe, functional, somewhat bulletproofed.

Meaning you can expect a 10% return on your investment of $1 million.Cap Rate can also be looked at as a function of risk.

But in general, youll be able to function on a higher level than most from purely an education standpoint.

@Connor MatherI would try your best to find a bookkeeper who specializes in real estate bookkeeping / accounting.Below are some of the issues that I find with bookkeeping for real estate investors1) You need to use the class function to make the reports of any use.

Spencer, I'd disagree, you have an under capitalized entity.These can be seen as shells with no pearl, sham transactions between the same owner(s), you can get into tax issues and a good attorney will go through your entities like Grant went through Richmond.Totally agree with Jerry W. and Jon P.All you do with multiple entities is multiply your management efforts, your entity expenses, your accounting, your filing fees and increase the probability of messing up in the administration functions to allow your empire (with on or a few properties) to be demolished.Search "LLC liability" or "LLC protection" and start reading.Form entities for business purposes, not primarily as liability polys, get insurance. :)

The above are the basics of accounting, you don't need to be an accountant, but accounting is the language of business, if you can't speak to these basic accounting functions, you can't talk business. 

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.

Please let me know if there are critical functions that you have found most useful. 

The Management Company is usually, primarily, fulfilling an accounting function...receiving payments from owners, disbursing payments to vendors, preparing monthly financial reports for your Board.