I have one property (duplex) - do I need accounting software?
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!