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General Landlording & Rental Properties

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John Doyle
  • Oklahoma City, OK
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I have one property (duplex) - do I need accounting software?

John Doyle
  • Oklahoma City, OK
Posted Feb 28 2015, 13:30

We have had our duplex for one year now, and aren't looking to acquire any more properties.

Maybe this is a dumb question, but do I need accounting software (Quickbooks, etc.) or can I just do our taxes with Turbo Tax Premiere (Investments and Rental Property) and call it good?

I keep good records of everything I spend on the property, every dime in and out. I don't care about calculating ROI or doing any property management functions.

Thanks!  

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