Financial Organization with Multiple Rentals...

[Adam S.]

Hey all.  Quick question regarding financial organization.  We are soon to close on a three property portfolio and I'm wondering how every keeps themselves organized with income coming in and expenses going out.

Is it better to use an expense sheet and track income, expenses (including CapEx, vacancy, etc) and then move the cash flow off the top to a savings account or is it to create sub accounts to hold expenses until they are ready to be paid out (taxes, CapEx, etc).

Thanks in advance for the feedback.