You Own Rental Properties.
But Do You Actually Know
What Each One Is Making?
Not what rent came in. What the property is truly producing after every real expense,
every loan payment, and every cost you might not even realize you are missing.
Write your awesome label here.
Gita Faust
Frequently Asked Questions
I already have a bookkeeper. Do I still need this?
Yes. A bookkeeper records transactions. That does not mean your records are organized by property, that the right information is being captured, or that your reports are actually usable. Many property owners with bookkeepers still cannot pull a clean Profit and Loss for each property and find out errors only when tax season arrives.
My property management software tracks everything. Is that not enough?
Property management software tracks leases, rent payments, and maintenance. It does not record your mortgage payments correctly, does not separate capital improvements from routine repairs, and does not reconcile with your bank accounts. Most property owners find their accounting and property management reports disagree, often by amounts that matter.
I only have one rental property. Is this really relevant for me?
Especially for you. Single property owners often have the most to lose from unclear financials. One missed expense or one misrecorded loan payment can significantly distort how profitable the property appears. One property is the perfect place to start.
I am not a numbers person. Will I understand this?
This was designed for property owners, not accountants. The videos are in plain language. The questions are straightforward. You do not need to know any formulas. If you have ever looked at your bank balance and wondered where the money went, you can complete this.
How is this different from what my CPA does?
Your CPA works with the records you give them, usually once a year at tax time. They prepare your return based on what is there. They typically don't review whether your day-to-day records are organized correctly or whether your reports reflect each property's actual performance. This assessment looks at the information you need right now.
What if my books are behind or a complete mess?
That is the most common situation. Answering "I am not sure" or "No" is just as useful as answering "Yes." Those answers show you exactly where to look first. You do not need clean books to start. You take the assessment to find out what it will take to get there.
I am profitable on paper but always short on cash. Is something wrong?
This is more common than you think, and it usually has a clear reason. Profit and cash flow are not the same thing. Mortgage principal, security deposits, reserves, and upcoming expenses all affect your available cash but don't show clearly on a Profit and Loss report. The assessment covers this directly.
Do I need to use QuickBooks or Xero for this?
No. The assessment works regardless of what software you use. That said, if you want to set up your accounting system correctly for rental properties, there are QuickBooks courses, Xero courses, and cleanup courses available for both platforms after you complete the free course.
What happens after I complete the free assessment?
You will receive your profitability score, a downloadable 40-point checklist, and a three-action plan. From there, you can continue improving on your own, explore courses on QuickBooks or Xero for rental properties, or schedule a Property Financial Review if you want hands-on help.
Your Property Is Already
Producing a Result.
The only question is whether your numbers are actually showing you
what that result is. Find out right now. It is free; it takes 5 to 10 minutes,
and you will walk away knowing exactly where you stand.
what that result is. Find out right now. It is free; it takes 5 to 10 minutes,
and you will walk away knowing exactly where you stand.
