Rentals and Financials Management Software

[Brad Fausett]

Hi Team,

I was wondering what / how everyone manages their rentals and money in/ out.   Do you use quickbooks?  Is there another software?  I want to start right now as we are in the process of adding several units.  No money has traded hands yet but we are in contract and I want to make sure i have a clean shot to p&l statements for each property.    Thanks

[Taylor Brugna]

Brad,

I would absolutely recommend quickbooks for most investors. It has the a feature called "class tracking" which allows you to track he income and expenses by each property separately. When the time comes to generate a P&L, you can generate reports by class. Hope this helps.