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Updated 10 months ago on . Most recent reply

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Mo Nueman
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Seeking Advice on REI Bookkeeping

Mo Nueman
Posted

Hi everyone,

As a newbie in the world of Real Estate Investing (REI), I'm eager to establish a strong foundation for managing my finances.

To streamline this process and stay organized, I'm seeking recommendations for user-friendly online bookkeeping tools specifically designed for REI. Ideally, the tool would help me effectively track:

  • Income generated by each property
  • All associated expenses for each property (e.g., mortgage payments, repairs,maintenance)

I'd appreciate any insights you have on reliable and user-friendly tools that meet these needs. Additionally, if there are any resources or tips you'd recommend for a beginner like me to excel in the REI bookkeeping realm, I would be grateful for them.

Thanks in advance for your guidance!

Mo.

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10
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Mo Nueman
5
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10
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Mo Nueman
Replied

@Jake Baker, Thank you for the feedback. I like the idea of the QuickBooks online. I really do not like Excel. it's just too much work. I would rather pay a little more now to build a foundational system for growth. 

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