Episode Summary
Welcome back to the Luxury Rental Doctor Podcast! đ§
In this episode of the Luxury Rental Doctor podcast, Dr. Rachel Gainsbrugh chats with bookkeeping and tax expert Sara Brather to demystify one of the most powerfulâyet often ignoredâwealth-building strategies: consistent monthly bookkeeping. Sara shares how a simple check-in each month could help prevent major financial mistakes, reduce tax burdens, and build the foundation for a healthy real estate business.
Whether you're managing one rental or building an empire, this conversation will help you stop procrastinating on your numbers and start making data-driven decisions with confidence.
đĄ Key Takeaways:
- Bookkeeping is a tax strategy. You canât plan if you donât know your numbers.
- Start with simplicity. Most new investors overcomplicate their Chart of Accountsâdonât!
- AI isnât ready to replace real bookkeepersâyet. Know when to automate and when to lean on experts.
- Prevent expensive mistakes. Sara shares a real $20,000 error that was caught thanks to a basic monthly review.
- DIYers: Know when to hand it off. If bookkeeping feels like pulling teeth, thereâs a better way!
đ Topics Covered:
- [00:03:00] What to ask before hiring a real estate bookkeeper
- [00:06:00] Where AI helps (and hurts) in financial automation
- [00:11:00] How monthly bookkeeping protects your cashflow
- [00:18:20] Top tax strategies for beginners: STR loophole & more
- [00:23:00] The $20K insurance lapse caught with a simple review
- [00:28:40] When to stop DIY-ing and hire help
- [00:33:00] Simplifying your chart of accounts
- [00:36:00] The 10-minute monthly habit that builds financial confidence
đď¸ Featured Guest: Sara Brather
Sara is the founder of REI Accounting Solutions, where she helps real estate investors maintain clean books, avoid tax pitfalls, and take control of their financial data. Her services include bookkeeping, diagnostics, courses, and coaching tailored specifically for rental property owners.
đ¸ Instagram: @reisolutionswithsara
âśď¸ YouTube: REI Accounting Solutions
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