setting up QuickBooks for rentals managed by property manager

setting up QuickBooks for rentals managed by property manager

Homeowner · Falls Church, VA · Member since 2015 · 24 posts · 2 votes

Hi, all,

Just bought a 6-unit rental and about to purchase a 9-unit rental, both under the same LLC.

Would like to set up QB 2014 and am looking for details such as Chart of Accounts, how to keep track of each property and their tenants. I'm using a 3rd party property management company for both. 

I saw mentioned landlordaccounting.com which has a sample company file, but it seems inactive.

Mylandlordsbookkeeper.com looks good, too, but seems to be for landlords who are managing their properties, so not me.

Any recommendation for a basic user of QB to get the set up correct would be very welcome.

Thanks so much in advance; this community is such a great resource.

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  • Buy & Hold Owner · Redlands, CA · Member since 2015 · 5k+ posts · 2k+ votes
    9y

    Just uploaded a QB chart of accounts I use to manage my 6-plex

    see Tools->Fileplace->Templates

    for multiple properties, use and  enforce CLASSes for all invoices and expenses.  Then you can view/print all reports Sorted By Class

  • Homeowner · Falls Church, VA · Member since 2015 · 24 posts · 2 votes
    9y

    @Jeff B. Thank you!

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