Managing Entities
Entities are the backbone of your RealBooks organization. Each entity represents a legal structure that owns one or more properties.
Creating an Entity
Section titled “Creating an Entity”- Go to Settings > Entities
- Click Add Entity
- Enter the entity details:
- Name — e.g., “Oak Street Properties LLC”
- Type — LLC, S-Corp, C-Corp, Trust, or Personal
- EIN — Employer Identification Number (optional)
- State of Formation — Where the entity was formed
Assigning Properties
Section titled “Assigning Properties”Each property must be assigned to an entity. You can change a property’s entity assignment at any time from the property details page.
Entity-Level Reporting
Section titled “Entity-Level Reporting”All financial reports can be filtered by entity. This is especially useful when:
- Filing taxes for each LLC separately
- Sharing reports with entity-specific partners
- Tracking performance across different holding structures
Entity Limits by Plan
Section titled “Entity Limits by Plan”| Plan | Entities Included | Additional Entities |
|---|---|---|
| Bird Dog | 1 | $50/entity/mo |
| Rehabber | 2 | $50/entity/mo |
| DIY’er | 3 | $50/entity/mo |
| Mogul | 5 | $50/entity/mo |
| Executive | Unlimited | Included |
Need more entities? Add them anytime for $50/entity/month from Settings > Billing.