How does everyone track their portfolio?

[Daniel Norman]

I am just about to buy my first investment and plan to buy several within the next few months, what software or tools does everyone use to keep track of their portfolio and equity?

[Yanik Parsch]

Quote from @Daniel Norman:

I am just about to buy my first investment and plan to buy several within the next few months, what software or tools does everyone use to keep track of their portfolio and equity?

Congrats on the upcoming first purchase, Daniel — that’s a big step!

When I started out, I tracked everything in spreadsheets. It worked fine for one or two properties, but as soon as I added more, it quickly got messy — especially when trying to keep up with income, expenses, equity, and cash flow across multiple doors.

What made a huge difference for me was switching to a platform built for landlords. I use Baselane, and their new Baselane Smart features have been especially helpful. It automatically categorizes transactions, gives you real-time dashboards on cash flow and equity, and keeps things organized for tax season (no more digging through receipts or late-night spreadsheet updates).

Even if you’re just starting with one property, setting up a system now will make scaling much smoother when you get to 3, 5, or 10. My advice — try something lightweight and landlord-focused instead of building it all manually.