Best accounting & bookkeeping software for small real estate LLC

[Mustafa Mahmoodzada]

Hi everyone,

I recently formed an LLC for my real estate investing and I’m looking for recommendations on accounting / bookkeeping and vendor management software for small business that works well for rental properties, fix-and-flip projects, and ground up construction. Thanks in advance. 

[Jake Baker]

@Mustafa Mahmoodzada

I use QBO for my flipping business, rental businesses, and bookkeeping clients. QBO has every feature you need to run a business, excellent reporting, and solid vendor management. It is the most popular software in the industry, so your Tax Preparer will likely prefer it. Many on the forums will advise against QBO since it can feel overwhelming. It can feel like feature overload. The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software. It takes a certain level of QB and accounting knowledge to set it up correctly. But you will need to track your flips as inventory and your rentals as fixed assets, which QBO does really well when set up correctly.