Rental Property Investor · Milford MA · Member since 2022 · 13 posts · 4 votes
For someone who is self managing a portfolio of rentals, any recommendation for bookkeeping books? I use REI Hub where all my accounts are connected and I categorize income, expenses etc. Most of the time the categorization is simple enough and I can do myself.
For someone who is self managing a portfolio of rentals, any recommendation for bookkeeping books? I use REI Hub where all my accounts are connected and I categorize income, expenses etc. Most of the time the categorization is simple enough and I can do myself.
If you're already using REI Hub and managing your accounts, that's a great start! For further learning, here are some solid bookkeeping books that can enhance your knowledge:
"The Book on Managing Rental Properties" by Brandon Turner – This book covers not just the property management aspect but also has sections on bookkeeping and managing finances.
"Real Estate Investing for Dummies" by Eric Tyson and Robert S. Griswold – A great introduction to the financial side of real estate investing, including bookkeeping.
"Accounting for Real Estate Investors" by David L. Scott – This one is tailored to investors looking to understand real estate accounting and bookkeeping.
You might also consider looking into general bookkeeping books like "QuickBooks for Dummies" for managing finances, especially if you ever plan to expand beyond REI Hub or need more detailed tracking!