Posted by Antoine on October 03, 2003 at 14:12:36:
I’m in GA. My CPA also does bookkeeping. It makes it easier to get my taxes done and she can spot tax write off alot easier whrn things are organized. She also can create a financial statement on demand when I need it. She charges about $60/hr. I have one rental, so my business is quite small. I would suggest that your bookkeeper has personal experience in real estate. Get some referals also.
Here’s a survey question for those that use a bookkeeper:
Aside from time, what benefits has a bookkeeper provided you?
What does your bookkeeper charge you? Is $200/mo reasonable?
How big of a business do you have? This question relates to how much your bookkeeper has to keep track of for you. For example, I have a couple of rentals, a couple of flips/year and the normal marketing and admin expenses of a one-man shop.
What separates an excellent bookkeeper from an adequate bookkeeper?
Finally, what’s the biggest tip you can give an investor in looking for a bookkeeper?