First Time Landlord - Book keeping/Organization

[Erica Cook]

I have a client who is just starting out investing in rental properties.  He’s super old school and likes to book keep everything- any suggestions on landlord/property book keeping books for investment properties?

What’s a way you organize and keep track of your properties? 

[Eric Hempler]

It depends on what you're aiming for. QuickBooks is highly customizable and if done right your P&L can be a built-in Rent Roll. 

For the clients I work with, I recommend QuickBooks until they outgrow it. That also means each property has its own QB account. When I say property I'm referring to apartments and commercial space. 

There's not much out there for accounting books specific to this, but there are a few videos that could help get him started. Otherwise, I've setup files for others and they're comfortable enough to do their own bookkeeping.