Software for tracking apartment building expenses

[Tim Gathers]

I have a 12-unit apartment building which is managed by a property management company.  The PM uses their own online software to track rental income and the expenses paid for by the PM; however, I pay some expenses on my own, including the utility bills, mortgage, and major rehab costs, and these expenses are not tracked by the PM.

What's the best software solution for me to track all of these expenses in one place so that I can more easily produce reports, such as profit and loss statements?

[Rob B.]

Hi Tim, I'm happy to hear that you're doing your research. There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time). Either way, you're on BP so you're in the right place. @Tim Gathers