Property Management & Investment
One property makes money. Another bleeds it. You need to know which is which before you make your next move.
Every Property Is Its Own P&L
You own four rentals. In aggregate, things look fine. Rents come in, mortgages go out, there’s money left over. But which properties are actually performing? Which one is carrying the others?
That duplex you bought in 2019 might be throwing off $800 a month. The fourplex from last year might be breaking even after repairs. The vacation rental might be negative after you count the cleaning, the platform fees, and the turnover. You won’t know until you break it apart.
Every property needs its own P&L. Not because it’s nice to have. Because one strong performer can mask a bad investment for years. You make decisions based on the total. You should be making them property by property.
Multiple Entities, One Picture
Property one is in an LLC. Property two is in a different LLC. Property three is in your name because you haven’t gotten around to moving it yet. Each has its own bank account. Maybe its own credit card. Definitely its own mortgage.
This is how smart investors structure things. It’s also how the financial picture gets fragmented. Each entity has clean books on its own. But what’s your actual total cash flow across all properties? What’s your real net worth? How are you performing as a portfolio?
We track each entity separately and consolidate the picture so you can see both. The property-level detail and the portfolio-level truth.
Entity-Level Tracking
Entity-Level Tracking
Each LLC, each property, kept clean and separate. Your CPA gets organized books at tax time. Each entity stands on its own.
Consolidated Reporting
Consolidated Reporting
All your properties rolled up into one view. Total cash flow, total expenses, total picture. You see the forest and the trees.
Other People's Money
If you manage properties for others, you’re holding tenant deposits and owner funds. That money isn’t yours. Commingling it is illegal. Trust accounting isn’t a best practice. It’s a requirement.
Security deposits need to be tracked by tenant, by property. Owner disbursements need to be accurate and documented. When an owner asks where their money is, you need an answer backed by records, not a scramble through bank statements.
Trust Accounting
Trust Accounting
Tenant deposits and owner funds tracked separately from operating accounts. Clean records, clear separation, full compliance.
Owner Statements
Owner Statements
Monthly or quarterly reports for each property owner. Income, expenses, and disbursements documented. No questions left unanswered.
Cash Flow Is What Matters
Cap rates are theoretical. Appreciation is speculation. Equity is locked up until you sell or refinance. Cash flow is what hits your account every month. It’s what pays the mortgages, covers the repairs, and puts money in your pocket.
We help you track the number that actually matters. Not what Zillow says your properties are worth. What they’re producing.
Who We Work With
Who We Work With
Landlords, property managers, real estate investors, HOAs, short-term rental operators, multi-family owners. One property or fifty.
Monthly Bookkeeping
Monthly Bookkeeping
Books closed every month. Rent collected, expenses paid, cash flow calculated. You always know where each property stands.
Short-Term Rentals
Short-Term Rentals
Airbnb, VRBO, direct bookings. Platform fees, cleaning costs, occupancy taxes, turnover expenses. High volume, lots of moving parts. We track it all.
Tax-Ready Records
Tax-Ready Records
Depreciation schedules, expense documentation, capital improvements tracked. Your CPA gets what they need for cost segregation, 1031 exchanges, and everything else.
Utah's Trusted Bookkeeping Firm
First Step:
Start With a Call
Tell us what's going on and we'll let you know if we can help. We'll ask a few questions and give you a straightforward quote.