REI Bookkeepers

REI Bookkeepers works exclusively with real estate investors, including wholesalers, house flippers, landlords, realtors, and limited partner investors. The firm cleans up or rebuilds financial records, keeps them current, and produces reporting investors can hand to a lender, a buyer, or a tax preparer.

Engagements start with a discovery call over Zoom covering the investments and whatever bookkeeping has been done so far, which is how the firm scopes the clean-up. A proposal follows within a week and is discussed on a second call, then a letter of engagement. Most clients begin with a clean-up in which income and expenses are entered and reconciled in QuickBooks Online. After that they either hand monthly bookkeeping to the firm or take it back themselves; QuickBooks training is included with the clean-up, and correspondence is handled online.

The firm works only in QuickBooks Online and recommends Gusto for payroll. With a higher-tier QuickBooks subscription it organizes the income statement by class, so the profitability of each property shows on a single report. Books are reviewed by a CPA each month, which the firm describes as an outsourced-controller level of service, and tax and advisory services are also offered. The practice is led by a CPA and QuickBooks Elite ProAdvisor who joined as a management consultant and bought the business in 2022.

Rates are not published: the firm says every client's situation is different and it prices each case individually after the discovery call, so ask for the proposal in writing. The site gives no office address and states that it serves real estate investors worldwide, with contact at 763-292-3005.