Accounting for property investors

You know the numbers for one flat by heart. But can you still keep track when there are three? Or five? Or more?

It usually goes like this. At the start everything is in your head and the spreadsheet gets sorted out in the evening. Then comes a second property, a third, a renovation in between, and one tenant who pays late. At some point you notice that you are doing the bookkeeping on a Sunday evening, after everything else.

We take that off your hands so that you can spend your time on what actually grows your portfolio.

What you get out of it

You get your time back. Invoices, incoming payments, receipts, tax returns. For one property it does not look like much, but with five flats it is already a full working day a month. Your time is better spent finding the next property.

Rent invoices go out on time. If you want, we send the invoices to tenants ourselves and keep track of who has paid and who has not. Anyone in arrears gets a reminder, and you get the overview without having to watch the calendar. The agreed deadlines hold even when you are busy or on holiday.

The numbers are in order when they actually matter. When you apply for a loan, the bank looks at your numbers, not at your plan. A report that is correct and filed on time makes that conversation a very different one, while a report thrown together in a hurry raises questions where there should not be any. The same goes for selling: a buyer or a broker asks for the numbers, and they need to exist already, not still be waiting to be gathered.

Moving rental property into a company opens doors that stay shut for a private person. Many owners reach a point where, as a private person, they cannot borrow any more, even though they want to keep growing. Through an Estonian private limited company, expanding the portfolio is often still possible. If you are weighing that up, we will go through your situation and tell you honestly whether the step makes sense and when.

You no longer have to think about returns and reports. The VAT return, the TSD declaration of payroll taxes, the annual report. They get done on time. And when the law changes, keeping track of it is our job, not yours.

Buying more properties, taking a loan, doing a larger renovation or thinking about selling? Each of these has a tax and accounting side to it, and it is better to talk it through beforehand than to fix it afterwards. We are here and we think it through with you.

Who this is for

• The small investor with one to ten rental units held through a company
• The private landlord who is considering moving to a company
• The investor who plans to grow the portfolio and wants it all to work without adding hours
• The apartment association looking for a bookkeeper

What we do

• Monthly bookkeeping and getting the documents in order
• Tax accounting and returns
• The annual report
• On request, sending rent invoices, tracking payments and reminding those in arrears
• Advice on the bigger decisions

How to start

Write to us and tell us how many properties you have and what state the paperwork is in. We will look it over and tell you honestly where we can help and where we cannot.

The first conversation is free and commits you to nothing.