Quickbooks, STESSA or Something else?
Hi BP,
I'm trying to move away from spreadsheets for managing my RE. I have rentals I hold and I also have a small, active flipping business. I checked out STESSA and the platform looks nice and I like that it's free but it is geared towards landlords which gets me part of the way there but that still leaves the flipping piece to figure out.
I also looked at Quickbooks which I like because most CPA's drool over it. I know it's very robust software but it comes with monthly fees and I'm not sure if I need that much horsepower just yet so I am concerned I might be overpaying for features I'm not sure I'll use. My goal is to keep flipping to generate extra cash and use those profits to continue growing my rental portfolio with residential units (4-plexes) and commercial apartments (5+ units per building).
So I thought I'd throw this question out to the seasoned investors. Do you guys just use Quickbooks for everything? Use STESSA for the rentals and Quickbooks just for flipping? Use something entirely different?