Bookkeeping for real estate investors and landlords
One rental is a spreadsheet. Three rentals and a renovation loan is a bookkeeping job. You should be able to see what each property actually earns.
Or call 901-907-2903. Zack and Caitlyn pick up.
Books by property
Each property gets its own income and expense tracking, using classes in QuickBooks or tracking categories in Xero. At year-end your tax preparer gets a clean report per property, which lines up with how rental income is reported on Schedule E.
The usual trouble spots
- Security deposits recorded as rent instead of a liability you owe back
- Mortgage payments booked as one expense instead of split into principal and interest
- Repairs and improvements mixed together (your tax preparer will want them separated)
- Owner money moving between properties with no record
- Short-term rental platform payouts recorded net of fees and taxes
Short-term rentals in Mississippi
Several Mississippi cities and counties levy extra taxes on hotel and motel stays, and some of those definitions now reach short-term rentals. Southaven, for example, adopted a definition of "hotel" that covers short-term rental platforms, effective April 1, 2026. Check your city's page and talk to your tax preparer about what applies.
Get a straight answer in 15 minutes
Tell us where things stand. We'll tell you honestly whether you need help, and what it would cost.
Zack and Caitlyn answer 901-907-2903 themselves.
- QuickBooks Online ProAdvisor
- Published, flat pricing
- No pressure, no obligation
Frequently asked questions
Can you track each property separately?
Yes. That's the main point of rental bookkeeping. Each property gets its own profit and loss.
How much does it cost for a landlord?
$250 per bank or card account per month, not per property. Many landlords run several properties through one or two accounts.
Do you prepare Schedule E?
No. We're bookkeepers. We give your tax preparer clean, per-property numbers to prepare it from.
Related
Sources (checked November 9, 2026). Rates and rules change, so confirm with the agency before you file. This is general information, not tax advice.