Real Estate Bookkeeping Services for Real Estate Investors

Bookkeeping is critical for any business. Without accurate bookkeeping, you don’t know where your business stands financially. You also won’t have the correct numbers to predict where you’re going or to determine which strategies work well and which do poorly. However, when bookkeeping is done correctly, you’ll have a blueprint for how well your business is operating and a basis from which to set your future goals.

Benefits of Good Bookkeeping

In addition to letting you know where your business stands and helping you plan for the future, good bookkeeping has other benefits.

Gauge Individual Performance

Gauge Individual Performance

Good bookkeeping can clearly show how well individual team members perform. If your goal is to create a Real Estate Utopia where every team member has their heart’s desire, you’ll reward great performance. The first step toward rewarding performance in pinpointing it.

Gauge Individual Property Performance

As an investor, you don’t just want to see the overall picture of how you’re doing, but you’ll want to know how each property performs as well. Good bookkeeping services for real estate investors will provide these answers.

Gauge Marketing Project ROI

Effective bookkeeping also can help you determine which marketing tactics produce the best ROI. For example, suppose you do a mailing and want to track how much one good lead costs? Then, you’ll also want to track whether that lead actually turned into a deal.

Be Ready at Tax Time

If you haven’t kept up with your bookkeeping, chances are you won’t have all your documents on hand as the tax deadline approaches. Instead, you’ll end up spending the last few weeks trying to catch up while your core business suffers.

On the other hand, if your bookkeeping is in order, you won’t have to race around looking for the proper documents just at the tax filing deadline. Instead, you’ll already be prepared.

Good bookkeeping will also help you should the IRS target you for an audit. Organized books will make the process go more quickly.

Improve Cash Flow and Bill Payment

Improve cash flow and bill payment

Bookkeeping will keep you on top of your receivables, so you’ll know right away if a tenant has missed a payment. You’ll also stay on top of your own bills as well.

Maximize Opportunities

Finally, you’ll be able to maximize opportunities to save and earn. Excellent real estate bookkeeping services can help you identify opportunities to maximize revenue and reduce expenses. For example, after reviewing itemized expenses, you might decide that investing in energy-saving devices is worth the money. Or, you may realize you need to invest in a good tenant screening service to avoid the costs of renting to a bad one. Alternatively, you could realize you have equity to use for another opportunity.

Finding Real Estate Bookkeeping Services

You’re probably imagining you’ll have to pay a lot to gain all these benefits, but you don’t want to spend a wad on real estate bookkeeping services. After all, you’ll want to be sure you can compensate the producers on your team well and still have money to invest in properties. And, you are in the business of making money.

Consider hiring a real estate virtual assistant to do your bookkeeping. Better yet, consider letting us help you find a virtual bookkeeper in the Philippines.

Why the Philippines?

Why the Philippines, you might ask? The Philippines is an excellent choice for outsourced bookkeeping services for several reasons. The first is that English is widely spoken. The second is that the country has a well-educated, highly qualified workforce and a well-developed offshoring model. The third is that Filipinos want to develop strong relationships with companies in New Zealand, Australia, the United States, and the United Kingdom.

The four reason is a clincher

The fourth reason is a clincher. You can save about 75 percent over what you’d pay locally by working with ShoreAgents to hire a virtual bookkeeper in the Philippines. For example, in Australia, you’d pay at least AUD 80,000 for a good bookkeeper. In New Zealand, you’ll pay at least NZD 60,000. However, in the Philippines, you can receive excellent virtual bookkeeping services for AUD 24,000 or NZD 21,600. Sounds crazy, right? But it’s true.

With all the benefits and so little cost, doesn’t outsourcing your bookkeeping make dollars and “sense”?

0 Comments

Submit a Comment

Your email address will not be published.

fourteen − eleven =

    Fight Fomo! Subscribe Now!

    We are addicted to all things Real Estate! In our newsletter you will receive FREE tips on how to generate more leads, cut costs and automate your business.


    Guest Experts

    CIPS, TRC, Founder and Managing Director of property management business solutions company ireviloution is an international real estate identity who has coached, mentored and trained over a thousand of property management teams and business to success and thousands of individual property management business owners and property managers worldwide.

     
    Jo-Anne Oliveri

    A co-founder of LockedOn – a powerful, easy-to-use real estate CRM platform that makes listing and selling simple. With over 15 years in software development experience in the real estate industry, Iain has helped create software solutions that have enabled thousands of agents create lasting relationships with their customers.

     
    Iain French

    He is the Founder of the hugely successful Offer Management Platform, Market Buy, and a career real estate agent spanning 22 years. He has worked in all facets of real estate and has won many awards over the years for Innovation, Sales volume, and office performance. Dave is dedicated to improving the real estate industry and providing agents with the tools they need to survive and thrive in an ever-evolving business environment.

     
    Dave Stewart

    She is the founder of Rent Roll Starter and specialises in helping independent real estate agents to start and build their own Rent Rolls, using affordable (and sometimes free) marketing and growth strategies.

     
    Ellen Bathgate

    He is the Co-Founder and CEO of the Melbourne-based proptech start-up Rental Heroes. He is passionate about applying innovative digital solutions to help people connect better. Like many Australians, Ben and his co-founder Dom, have been both tenants and landlords. They founded Rental Heroes because they saw an opportunity to speed up issue resolution and automatically handle common tenant requests 24/7 (everything from a broken dishwasher a to pet requests!). Rental Heroes have launched their AI-chatbot “Alex” - who helps property managers by liaising directly with tenants to handle everyday requests and issues.

     
    Ben Burton

    With more than 15 years experience as a professional real estate photographer, Brad has a deep understanding of what it takes to showcase a home in its best light. After photographing homes all day and editing them all night, Brad decided to create BoxBrownie.com, which has become the ultimate photo editing portal for everyone from professional photographers, real estate agents, to property managers.

     
    Brad Filliponi

    With extensive digital experience spanning over 30 years, He is a full-service mobile marketing business specialist and chatbot ninja. Mike helps empower small business owners and real estate agents to achieve marketing success on Facebook by generating leads through conversation.

    Mike has built the marketing platform and designed the Facebook strategy using old school systems so that Real Estate Agency owners can build the most effective marketing lists as well as own the data from advertising and marketing. Following Mike’s vendor paid 12-point strategy over 12 weeks will build a list of over 1,000 prospects segmented into Buyers and Sellers that teaches Facebook who should see your ads in the future.

     
    Mike Hillsdon

    Sarah has emerged as a highly sought after speaker and panelist on the intersection of artificial intelligence and human systems in real estate. Sarah is passionate about helping agents and organisations to understand this new technology, simply, so they can make confident and informed decisions about how to adapt to a future of work where human and digital resources collaborate.

     
    Sarah Bell

    Joel is the founder of Property TV and has worked with some of the most innovative companies in Australia, USA and Europe. He is the former CEO of Californian PropTech entity Transmit Data and former CIO for a Silicon Valley technology incubator, Joel has been at the forefront of property marketing and technology for the past 15 years. Joel is also the former CIO of the Australian Property Institute and former Head of Technology for real estate franchise group, Raine & Horne.

     
    Joel Leslie

    He is a mental skills & mindset coach, and founder of  Jet Xavier Consulting Agency. Jet Xavier has conducted over 4000 elite human performance coaching and training sessions with various real estate agents and major agencies across Australia and overseasHe is a pioneer in the Real Estate industry as his training and coaching techniques bring the latest neuroscience, positive psychology, and elite human performance models to agents and principals helping them to create success at every level.

     

    Jet Xavier

    He is the founder & CEO of Properti.ai. Craig has spent the last 25 years at the forefront of technology, marketing, and business building in Australia and around the world. He has built and sold 2 technology companies to NYSE listed US companies.
    Having worked with Google, Amazon, Telstra as a technology provider to some of the largest Industry brands including REA, Corelogic, LJ Hooker, REIQ, and many others in the Real Estate industry.
    What separates him from most is a rare mix of technology innovation that can be applied to business growth and marketing strategies.

     

    Craig Deveson

    He is a dynamic and seasoned leader and expert in the world of both technology and property. For over 20 years, Josh has been using his expertise in strategy, product, technology, and marketing to make significant notable transformations in Fintech, PropTech, and the interplay of technology and humans. Josh now leads PropTech start-up company Little Hinges, a world leader in digitising space.

     

    Josh Callaghan

    He enjoys using construction principles to help businesses grow. He studied Civil Engineering and worked in construction for over a decade. Jarren founded Harvey PM Services to help business owners discover their foundations and turn their blueprints into reality. He is currently working with partners in Australia to shake up the property management world.

     

    Jarren Harvey

    He is the Chief Digital Strategist at Market Buy – Online Offer Management, he’s a Facebook Certified Professional and has spent the last 30 years working in tech, the last 10 specifically in prop tech. While John spends most of his time building out Market Buy’s digital strategy, he’s also responsible for Check My House Price and has generated over $1.6billion worth of commission leads for agents throughout Australia and New Zealand.

     

    John Hellaby
    Flussos

    Still want to know more about our services?