It's never too early to start considering outsourcing this function of your business.
However, we’ve found that landlords should generally begin considering outsourcing at around 3-4 properties. This is when managing your finances on a spreadsheet begins to become too tedious and inefficient.
For other real estate businesses, it will vary, but if you’re planning to ramp up quickly, it generally makes sense to get this aspect handled sooner rather than later so you can get a handle on the financial side of your business from day one, and can focus on more important tasks that will grow your business.
While this may sound self-serving, bookkeepers and assistants are typically the first hires successful entrepreneurs to make in their business.