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.

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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.

Get Books + Tax Compare all 3 packages

Often paired with

Related services on the menu.

Bookkeeping

Clean books behind the return.

Monthly bookkeeping that ties to the business return — the same person watching both, no end-of-year surprises.

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Business tax returns

The return that closes the year.

Schedule C, 1120-S, 1065, or 1120 — filed by the same person who kept your books all year.

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Tax planning

Plan in October, file in March.

Year-end planning, S-Corp election analysis, retirement strategy, and owner-pay timing — before the year closes.

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What clients say

Recent reviews, live from Google.

5.0

33 reviews

Mark Magelssen

3 months ago

I've worked with Tasha on my taxes for multiple years - she does both my personal and business taxes. She does a fantastic job - super communicative, detail-oriented, and awesome to work with. I can't say enough good things about Accounting Lions!