Landlord Studio, a specialist rental accounting and management platform, has launched an automated expense management solution for real estate investors. The solution imports bank transactions in near-real time and automatically matches them to scanned receipts before categorizing them properly, to improve accounting accuracy. When paired with the firm's Schedule E report, the solution enables investors to reduce their end-of-year accounting task list and file a more accurate tax return. The new feature is available to Landlord Studio PRO customers, with a 14-day free trial offered to Landlord Studio GO customers.
PORTLAND, Ore., April 12, 2023 /PRNewswire-PRWeb/ --Specialist rental accounting and management platform, Landlord Studio has announced the launch of a fully-automated expense management solution for real estate investors, ensuring they never miss another deductible expense.
The new functionality enables Landlord Studio users to fully automate previously time-consuming and error-prone accounting tasks. The app now imports their bank transactions in near real-time and automatically matches them to scanned receipts before categorizing them properly, which radically improves accounting accuracy.
Staying on top of expenses is key to running a profitable investment portfolio - whether you have one or 100 units. By doing away with manual data entry Landlord Studio makes keeping accurate and up-to-date financial records easy, giving investors complete oversight of their finances throughout the financial year.
Proven $500 saved per property annually
When paired with Landlord Studio's real estate specific reports, such as the Schedule E report (Form 1040), the new app enables investors to both reduce their end-of-year accounting task list and file a more accurate tax return. As a result, investors that use Landlord Studio are able to find more than $500 per property each year in additional deductions, whilst simultaneously saving hours or even days of admin time.
Charles Chan, CEO of Landlord Studio said, "This new bank feeds technology sets the standard for income and expense management and is proving to be hugely popular with landlords in all markets. It radically simplifies the process of tracking expenses and is integrated with Xero, to make tax time super easy for accountants too."
The new tech is available to Landlord Studio PRO customers with a 14-day free trial available to Landlord Studio GO customers.
For further comment
Logan Ransley
Head of Marketing
[email protected]
http://www.landlordstudio.com
About Landlord Studio
Landlord Studio is a leading provider of income and expense management technology for 'DIY' landlords with between one and 20 investment properties. In business since 2014, Landlord Studio is used to manage more than 40,000+ properties across the US and UK and is growing fast thanks to its full suite of property management functionality that includes online rent payment, Xero integration, tenant screening and property maintenance.
Media Contact
Logan Ransley, Landlord Studio, 1 6509249925, [email protected]
Charles Chan, Landlord Studio, 6509249925, [email protected]
SOURCE Landlord Studio
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