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Updated over 13 years ago on . Most recent reply presented by

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Bienes Raices
  • Orlando, FL
282
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2,498
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What "books" do you keep for your rental properties?

Bienes Raices
  • Orlando, FL
Posted

Right now I just have Quicken files for the properties, a corporate kit for the one LLC, and Excel spreadsheets where I input the information from my deductible receipts. Is there a better system? Should I be doing things differently? Thanks.

Most Popular Reply

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Kevin C.
  • Investor
  • McKinney, TX
159
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Kevin C.
  • Investor
  • McKinney, TX
Replied

I keep all my records in Quicken as well.

At the end of the year I send my CPA a Quicken report for each property as well as a pdf with all scanned receipts for each property.

I use Quicken anyway for my personal finances, so this was a quick cheap solution for me.

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