Indiana · Real Estate
Investors, operators, brokerages, and property managers across the Indy metro and the IU and Purdue college-town rental markets — a blended P&L hides which building carries the portfolio. We set up entity-per-property books, owner-draw discipline, depreciation and 1031 coordination, short-term-rental reconciliation, and the county-LIT-by-residency wrinkle — all in your own QuickBooks file. We deliver the books; your CPA files.
Per-property books, STR, 1031 — we match the right expert to your portfolio.
Certified by Intuit
Real credentials held by our firm and operators — verification available on request.
TechBrot delivers Certified QuickBooks ProAdvisor real estate accounting for Indiana investors, operators, brokerages, and property managers — entity-per-property books, owner draws, basis and 1031 coordination, short-term-rental reconciliation, and county-LIT-by-residency handling, set up in your own QuickBooks file by a named ProAdvisor across the Indy metro and college-town markets. The full Indiana real estate summary is below.
Reviewed by the Certified QuickBooks ProAdvisor team at TechBrot Inc., an independent firm — not affiliated with Intuit Inc. Indiana facts (the county local income tax set by owner residency; the clean 7% sales tax) verified against the Indiana Department of Revenue. TechBrot keeps the books CPA-ready; it does not file Indiana returns or execute 1031 exchanges as agent.
It runs on per-property profit — entity-per-property books, owner draws, basis and depreciation, and 1031 coordination. Indiana adds the county LIT-by-owner-residency wrinkle and short-term-rental reconciliation across the Indy metro and IU/Purdue college-town markets that standard bookkeeping misses.
Yes — entity-per-property or per-property class tracking so each building’s income, expenses, mortgage, and cash flow are separable, and you can see which property carries the portfolio instead of a blended bottom line.
Indiana’s county local income tax is set by the owner’s county of residence on January 1 — so an out-of-county or out-of-state owner’s rental income is treated under a different county rate than a local owner’s. We apply the correct current rate from the DOR list and map property-manager payroll by staff residence.
Yes — Airbnb/VRBO revenue reconciled by channel and property, and 1031 exchange timing and basis tracked in the books and coordinated with your CPA and qualified intermediary. We keep the records; your CPA files and the QI executes the exchange.
A fixed monthly fee against a written scope — driven by properties, entities, and reporting needs. Monthly bookkeeping starts at $400/mo; setup from $750. No hourly billing. See Indiana pricing.
Real estate books live or die on one question generic bookkeeping rarely answers: which property actually makes money. Real estate accounting needs entity-per-property or per-property class tracking (so each building’s income, expenses, mortgage, and cash flow are separable), clean owner draws and distributions, basis and depreciation per property, and — for trades up — 1031 exchange coordination. Operators, brokerages, and property managers each break the books in a different place, from commission income to trust/owner funds.
Indiana’s context spans the Indianapolis metro and the college-town rental markets (Bloomington for IU, West Lafayette for Purdue), where student housing and short-term rentals are a real business. Short-term-rental revenue from Airbnb and VRBO has to be reconciled by channel and property. The genuine Indiana tax wrinkle is the county local income tax (LIT): because LIT is set by the owner’s county of residence on January 1, an out-of-county or out-of-state owner’s rental income carries a different county-rate treatment than a local owner’s — and property-manager payroll carries each staffer’s county rate. Sales tax is a clean 7% statewide with no local add-ons.
TechBrot sets up entity-per-property books, owner-draw discipline, depreciation, and short-term-rental reconciliation in your own QuickBooks file, keeps it accurate monthly, and turns it into per-property profit and a clean basis trail. We deliver the books and coordinate 1031 timing with your CPA and qualified intermediary; your CPA files. We do not execute the exchange or file Indiana returns as agent. Independent firm — not affiliated with Intuit Inc. Confirm LIT-by-residency detail with the Indiana DOR.
Portfolios that look fine on a blended P&L hide trouble when these go unmanaged. Knowing which one you’re in tells us where to start.
When every property’s income and expense lands in one combined ledger, you can’t see which building carries the portfolio and which bleeds once the mortgage and capex are counted. The fix is entity-per-property or per-property class tracking, so each property’s NOI, cash flow, and basis are separable and you make hold/sell/refi decisions on real numbers.
Owner draws mixed with operating cash, and short-term-rental income dumped in one bucket instead of reconciled by channel and property, make both the books and the tax picture unreliable. The fix is clean owner-draw discipline and Airbnb/VRBO reconciliation by channel and property, so distributions and revenue are accurate and defensible.
Because county LIT is set by the owner’s county of residence, an out-of-county or out-of-state owner’s treatment differs — easy to get wrong — and a sloppy basis/depreciation trail wrecks a future 1031 or sale. The fix is correct LIT-by-residency handling, property-manager payroll mapped by county, and a clean basis and depreciation record per property.
Every engagement is scoped to your portfolio and entities, delivered in your own QuickBooks file by a named Certified ProAdvisor.
Each property’s income, expense, mortgage, and cash flow tracked separately — by entity or class — so you see per-property NOI and which building actually pays.
Indiana QuickBooks setup →Clean owner-draw and distribution discipline and a monthly close with per-property statements your lender and partners can read.
Indiana monthly bookkeeping →Airbnb and VRBO revenue reconciled by channel and property, with fees, payouts, and occupancy tracked so STR income is accurate.
Indiana reconciliation →Basis and depreciation tracked per property and 1031-exchange timing recorded, coordinated with your CPA and qualified intermediary — we keep the records; the QI executes.
Indiana bookkeeping →County LIT handled by the owner’s county of residence, and property-manager payroll mapped to each staffer’s county rate via Form WH-4, from the current DOR list.
County income tax help →Separate commingled property books, rebuild per-property tracking, fix owner draws and basis, and reconcile to a CPA- and lender-ready baseline.
Indiana cleanup →Using different property-management software? If it exports to QuickBooks, we can work with it. Ask on a discovery call.
Every Indiana real estate engagement follows the same four-phase rhythm — books accurate first, per-property visibility second, advisory third.
A 30-minute call to map your properties, entities, how you hold and distribute, your short-term-rental and 1031 picture, and owner residency. No pitch.
Configure entity-per-property tracking, owner-draw discipline, and basis schedules, plus a cleanup to separate commingled property books where needed.
Monthly reconciliation with per-property statements, short-term-rental channel reconciliation, basis tracking, and county-LIT payroll cadence.
Per-property NOI and portfolio reporting and, as you scale, acquisition, refi, and 1031 advisory alongside your CPA.
Once each property shows real NOI and your basis trail is clean, the question shifts from “are the books right?” to “what’s the next move?” Which property to hold, sell, or 1031, when a refinance pencils out, how cash flows across the portfolio, whether a college-town short-term rental beats a long-term lease — the decisions that separate Indiana operators who compound from those who stall.
That’s where real estate advisory comes in: a Certified ProAdvisor who knows your per-property data turning it into acquisition, refi, and exchange strategy alongside your CPA. As automation handles routine entry, this judgment layer is where operators find their edge. Explore fractional CFO & advisory →
This page reflects how TechBrot handles Indiana real estate engagements. It is maintained by the Certified QuickBooks ProAdvisor team at TechBrot Inc., an independent ProAdvisor firm serving Indiana investors, operators, brokerages, and property managers remotely across all 92 counties, and reviewed for technical accuracy on entity-per-property books, owner draws, basis and 1031 coordination, short-term-rental reconciliation, and county LIT by owner residency (Indiana DOR). TechBrot keeps the books CPA-ready and coordinates with your CPA and qualified intermediary, who file and execute; it does not file Indiana returns or execute the 1031 exchange as agent.
Certifications
Active Intuit Certified QuickBooks ProAdvisor — Online (L2), Desktop, Enterprise, Payroll
Scope
Entity-per-property books, owner draws, basis/depreciation, STR reconciliation, county-LIT payroll · 1031 and income-tax filing coordinated with your CPA/QI
Engagement
Fixed-fee, written scope before work · delivered in your own QuickBooks file
Independence
Independent Certified ProAdvisor firm · Not affiliated with Intuit Inc. · Does not file Indiana returns or execute 1031 exchanges
County LIT handled by owner residency and property-manager payroll mapped so the right county rate applies and reconciles.
Separate commingled property books, rebuild per-property tracking, then reconcile to a CPA- and lender-ready baseline.
How TechBrot builds books for investors and operators nationally — scoped for Indiana on the call.
See how TechBrot tailors accounting to the way your industry runs in Indiana.
Talk to a ProAdvisor
No form, no sales script. You speak with a Certified QuickBooks ProAdvisor who has looked at files like yours — and you get a written fixed-fee scope within one business day.
(877) 751-5575Mon–Fri · we reply the same business day
Book a free discovery call. We’ll review your portfolio, entities, short-term-rental and 1031 picture, and owner residency, then send a written fixed-fee scope within 3 business days. No pitch. Independent firm — does not file Indiana returns; coordinates with your CPA and qualified intermediary.