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Updated over 9 years ago on . Most recent reply

User Stats

256
Posts
110
Votes
Mel Hayes
  • Investor
  • Los Angeles, CA
110
Votes |
256
Posts

Property managing/landlord accounting

Mel Hayes
  • Investor
  • Los Angeles, CA
Posted

Hi all-

I'm new to the community so I'm not sure if this is the proper way to ask questions here but I'm looking for some suggestions to handling accounting.  I've keeping track of my expenses by hand but I'm looking for a better way.  Would you suggest an account, accounting software (if so which one), or to keep doing what I'm doing?  I only have a few units but I still slip up every now and then.  All answers are welcomed.  

Thanks,

Mel

Most Popular Reply

User Stats

630
Posts
378
Votes
Ed Emmons
  • Specialist
  • Milford, ME
378
Votes |
630
Posts
Ed Emmons
  • Specialist
  • Milford, ME
Replied

I use quick books and set up each property as a class. Every entry is classed out. I can pull a class report anytime and know exactly where each property stands. 

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