Kim Franz Mortgage and Bookkeeping

06/25/2026

I got over 20 reactions on one of my posts last week! Thanks everyone for your support! 🎉

06/25/2026

Go CANADA Go!!

06/23/2026

Need help keeping track? I am here to help 😄

06/23/2026

Why Bookkeeping Matters for Rental Property Owners

Many landlords think of bookkeeping as something they only need at tax time. In reality, good bookkeeping is one of the most important tools for building a successful rental property portfolio.

Without accurate records, it's difficult to know whether your properties are truly performing as expected. You may know how much rent is coming in each month, but do you know your actual cash flow after mortgage payments, taxes, insurance, repairs, and other expenses? Bookkeeping provides the information needed to answer these questions and make informed decisions.

Proper bookkeeping also helps landlords identify trends before they become problems. Rising maintenance costs, increasing vacancies, or declining profitability can often be spotted early when financial records are organized and reviewed regularly. This allows you to take corrective action before small issues become costly ones.

Another major benefit is being prepared for financing opportunities. Whether you're refinancing, accessing equity, or purchasing another property, lenders often require financial information to support your application. Having accurate and up-to-date records can make the process much smoother and may improve your chances of approval.

Good bookkeeping also helps ensure you claim all eligible expenses and maintain proper documentation for tax purposes. In the event of a review by the Canada Revenue Agency, organized records can save significant time, stress, and expense.

Most importantly, bookkeeping transforms rental properties from a hobby into a business. Successful investors understand their numbers and use them to make strategic decisions about financing, cash flow, and portfolio growth.

If you own rental properties, bookkeeping isn't just about tracking the past—it's about creating a roadmap for future success.

Need help with your rental property bookkeeping or would like a review of your current bookkeeping situation? Let's chat and make sure you are on the right track!!

06/21/2026

Happy Father's Day!!

06/17/2026

Why Every Landlord Should Review Their Mortgage Annually

Many landlords review their rents every year, but far fewer take the time to review their mortgage. That can be a costly mistake.

A rental property mortgage is not something you should set and forget. Interest rates change, property values increase, lender programs evolve, and your financial goals may shift over time. An annual mortgage review can help ensure your financing is still working for you—not against you.

One of the biggest reasons to review your mortgage is to identify opportunities to improve cash flow. If your property's value has increased, you may have access to equity that could be used to consolidate higher-interest debt, fund renovations, or provide a down payment for another investment property. Even small improvements in monthly cash flow can have a significant impact over the long term.

An annual review is also a good time to evaluate your mortgage structure. Does your current mortgage still align with your goals? Are you planning to purchase another property? Would a HELOC or readvanceable mortgage provide more flexibility? These are questions worth revisiting as your portfolio grows.

Many landlords are surprised to learn they may qualify for financing options that were not available when they originally obtained their mortgage. Lenders regularly update their programs, and your income, credit profile, or property value may have improved since your last financing arrangement.

Finally, an annual mortgage review helps you stay proactive rather than reactive. Waiting until a mortgage renewal arrives often limits your options. Reviewing your financing strategy before renewal gives you more time to explore opportunities and make informed decisions.

Your rental property is a business. Just as you would review your income, expenses, and cash flow each year, your mortgage deserves the same attention. A short annual review could uncover opportunities to improve profitability, increase flexibility, and support your long-term investment goals.

Interested in a mortgage review? Send me a message and let's get started!

Send a message to learn more

06/16/2026

06/14/2026

06/10/2026

No change in interest rates on variable rate products 😊