Who We Help › Real Estate & Property
Who We HelpBookkeeping for Real Estate Investors
Real estate investing generates rental income, capital gains, depreciation deductions, and entity-level transactions that require specialized bookkeeping to track correctly and tax expertise to optimize. Simple Books Now handles the full picture — books and taxes under one Federally authorized Enrolled Agent.
Book a Free ConsultationNo obligation · 30-minute call · Federally authorized Enrolled Agent
The Specific Challenges We Solve
Depreciation Optimization Across a Portfolio
Residential rental property depreciates over 27.5 years — but improvements, appliances, and building components may qualify for accelerated Cost Segregation schedules that dramatically increase deductions in early years. We maintain depreciation schedules across every property and assess whether a cost segregation study makes economic sense as your portfolio grows.
Passive Loss Classification and Real Estate Professional Status
Rental losses are passive by default — they can only offset passive income, not ordinary income. Investors who qualify as Real Estate Professionals under IRS rules can deduct rental losses against ordinary income, which can save tens of thousands of dollars annually. We assess your eligibility and document the hours required to support the designation if challenged.
1031 Exchange Accounting and Deadline Tracking
A 1031 like-kind exchange defers capital gains tax on the sale of investment property — but the 45-day identification and 180-day closing deadlines are absolute. We track the cost basis of relinquished properties, document the exchange correctly, and coordinate with your QI so the tax deferral survives IRS scrutiny.
A Bookkeeper Who's Also a Federally authorized Enrolled Agent
Most bookkeepers categorize transactions and hand you a report. Simple Books Now does that — and our Licensed EA can also represent you before the IRS, file your business and personal tax returns, and advise on tax strategy year-round. One firm. No referrals. No gaps.
Ready to Get Your Books in Order?
Book a free 30-minute consultation. She knows the numbers for your type of business and will give you a clear picture of what we can do.
Book a Free ConsultationNo obligation · Flat monthly rates · Federally authorized Enrolled Agent