Twelve Years of Books, Mostly Real Estate
I’m Chris Savor. I’ve been doing this for twelve years, and Profit Partners keeps the books for twenty-four clients — most of them real estate investors, landlords, developers and property managers.
I also own ten manufactured housing communities — 543 units. That matters more than it sounds. When we talk about lot rent against home sales, what a vacant pad actually costs you over a year, or how infill spend should be tracked, I am working from running my own communities rather than from something I read. Most bookkeepers who serve real estate have never had to make a property pay.
Twenty-four is deliberately a small number, and it is the reason the work is any good. At this size I still know which property is which, which entity owns what, and why last month’s figure moved. A firm carrying two hundred clients does not know that, and cannot.
Twelve Years In
Twelve years means the mistakes have mostly already been made, usually on somebody else’s books. Owner draws recorded as expenses. Security deposits booked as income. Repairs that should have been capitalized. Inter-company transfers with no matching entry on the other side. We correct that class of problem constantly, because it is simply what happens to property books kept by people whose actual job is buying and running property.
Twenty-Four Clients, Not Two Hundred
Every set of books here is reconciled monthly and reviewed by a person rather than waved through by a rules engine. When something looks wrong, we ask you about it instead of guessing and moving on. That is only possible at this size — which is why we are in no hurry to grow past it.
What I’m Not
I’m a QuickBooks Online ProAdvisor, not a CPA. I don’t file your tax return — your CPA does, and they’ll do it better than I would. My job is to hand them books that are already right, so filing is a formality rather than an excavation. If you don’t have a CPA yet, we’ll tell you honestly what to look for.
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