Real estate Accounting

[Elmer Wayne Fisher]

Any recommendations on an efficient platform to use for real estate accounting like quickbooks etc. ?

[Alex Pelletier]

QBO is great but expensive, overkill, and probably not best for getting insights into your business's performance. I'd also look into real estate-specific tools that might help a lot with set-up, compliant accounting, and better financial insights. Some of these include Stessa, REIHub, and others (feel free to DM to learn more).

I like Stessa for its simplicity and ease of getting real insights into the growth or expenses related to my various properties. With a tool like those listed, you can more easily integrate accounting into your rent collection and property management solutions. Good luck! QBO is not a bad option, just might be expensive and a bit robust depending on how your business is set up.