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Accounting Lions

Who we help · Real estate owners

Bookkeeping for Twin Cities rental property owners.

One property or twenty, you need clean books per door — for refinancing, for taxes, for knowing whether unit 3B is actually pulling its weight.

Common things we see

What real estate books actually need.

Per door

Bookkeeping per door

Income and expense tracked at the property and unit level — so you can see profitability per asset, not one blended P&L for the whole portfolio.

Schedule E

Schedule E ready by February

Rental income, repairs vs. capital improvements, mortgage interest, property tax, insurance — categorized correctly all year so the return writes itself.

Depreciation

Tracked across every asset

Roofs, appliances, HVAC, fences — basis and useful life on every capital expenditure, so we never miss a deduction or trigger a recapture surprise.

Why clean books pay off

What the tax code actually allows.

Depreciate the building over 27.5 years

Residential rental property is written off on a 27.5-year straight-line schedule — clean basis tracking makes sure you take it.

Repairs now, improvements over time

A repair (fixing a lock, patching a wall) is deductible the year you pay it. An improvement gets capitalized and depreciated. Categorizing right all year is the whole game.

Defer the gain with a 1031

Rolling one investment property into another can defer the capital-gains tax — if the timeline is handled correctly.

See 1031 exchanges

Which package fits

Most real estate owners owners we work with start with Books + Tax.

Real estate is where bookkeeping decisions become tax decisions in real time — repair vs. capital improvement, passive vs. active, depreciation method. Books + Tax keeps both ends in one place so the call we make in June about a roof shows up correctly in April.

Books + Tax

Full-year bookkeeping plus annual tax filing — one person, one bill.

What clients say

Five stars, 113 times.

5.0
113 reviews on Birdeye

Real clients across the Twin Cities. Real engagements, real returns filed — every review on our public Birdeye profile.

Same person, every year.

Ready to talk about your real estate owners books?

Email us — we’ll reply within a day and set up a free 30-min call when it works for both of us. No pressure. We’ll figure out whether we’re a fit.