Loss
I wanted to be ready. That was the whole logic and it cost me about $1,900. Eleven months ago I formed the LLC, opened the business checking, subscribed to accounting software on…
Win
A year ago I bought two small seller-financed notes at a discount. Both are single family, both performing, combined payments a bit under $1,400 a month. I had no idea how to reco…
Loss
Setup: I do 6 to 9 flips a year, thin margins, and I was drowning in bookkeeping labor. Last January I built out rules in my accounting software plus an AI categorization tool sit…
Loss
I hold raw land, long. Four parcels bought across about three years, all in one LLC, nothing built, nothing rented. Carrying costs are small and boring: property taxes, occasional…
Loss
First rental, a small three-bed in a working-class part of town, bought early last year. I wanted to do this properly so I hired a bookkeeper off a marketplace at $180 a month. Sh…
Win
I've got four rentals and I'd stopped pretending my books were real. Everything ran through one business checking account, deals in progress mixed with rentals, and every March wa…
Loss
I already do back office work for a handful of small landlords, so bookkeeping looked like the obvious adjacent line. Recurring, sticky, the clients were already asking. I signed…
Win
Month-end closed on the fourth business day in October. First time in two years that's happened, so here's how it actually went. Starting point: two LLCs holding small commercial…