Landlord Bookkeeping FAQ | Real Cents Organized
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Services & Fit

What does a bookkeeper for landlords do each month? +

Each month we reconcile accounts, categorize income and expenses, keep property-level tracking consistent, and deliver a clean Profit & Loss (P&L) and Balance Sheet. The goal is simple: accurate, tax-ready books and clear performance reporting by property. For ongoing support, see our Monthly Bookkeeping service.

Do you provide property-by-property reporting? +

Yes. We track income and expenses by property so you can see true performance and avoid guessing which asset is actually profitable.

Do you support both STR and LTR owners? +

Yes. STR (Short-Term Rental) bookkeeping often requires additional structure for payouts and platform fees. LTR (Long-Term Rental) bookkeeping often centers on clean rent deposits, repairs versus improvements organization, and property manager statement reconciliation.

Do you do catch-up and cleanup bookkeeping? +

Yes. If you are behind by months or years, we can reconstruct and organize your books so you have usable historical reporting and a clean path forward. If you are behind, start here: Catch-Up & Cleanup.

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Platforms

Do you work with QuickBooks Online, Stessa, or both? +

Both, and more. We can support workflows in QuickBooks Online, Stessa, and other popular software used throughout the real estate community. We can tailor to your reporting needs and what your CPA (Certified Public Accountant) requires.

Can you reconcile Airbnb and VRBO payouts and platform fees? +

Yes. We break payouts into the correct components (revenue, platform fees, adjustments and refunds where applicable) so your books reflect reality instead of “one lump deposit.”

Do you work with property managers and owner statements? +

Yes. We can reconcile property manager statements and ensure owner statement activity ties to deposits, fees, and repair charges.

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Process & Timing

What do you need from me to get started? +

Typically: access to bank and credit card statements or feeds, your QuickBooks or Stessa file if it exists, and a list of properties and accounts. We will tell you exactly what is missing after an initial review.

How long does catch-up cleanup take? +

Timing depends on how many months are behind, number of accounts, and whether documentation is complete. After a review, we will give you a clear timeline and scope.

Will you work with my CPA? +

Yes. We can provide reports and answer bookkeeping-specific questions so tax filing is smoother and less back-and-forth.

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Pricing & Transactions

How is monthly bookkeeping priced? +

Monthly plans are transaction-based so pricing scales with activity levels. If your volume changes, you can move tiers rather than renegotiating from scratch.

What counts as a transaction? +

A transaction is any entry in the books (deposit, expense, transfer, journal entry, etc.). If a document contains multiple line items critical to accurate bookkeeping, each line item may be counted as a transaction, consistent with our pricing policy. For plan tiers and what is included, see Pricing.

What happens if I exceed my plan’s transaction level? +

We will apply the agreed overage approach or recommend moving you to the next tier so your pricing remains predictable.

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