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Updated about 7 years ago on . Most recent reply

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Isaac Schaefer
  • Real Estate Broker
  • Tacoma, WA
4
Votes |
20
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Accounting Software for New Landlord

Isaac Schaefer
  • Real Estate Broker
  • Tacoma, WA
Posted

My question is simply what accounting software are other BP landlords using for tracking for the sake of taxes, budgeting, expense/income reports, etc?

I realize this is a topic that has come up and has been answered many times over the years, but I feel like it is worth asking again as technology is always changing/improving. I would love to hear what other newer landlords are using?

Most people I have spoken with advise me to go with Quickbooks; if you are using Quickbooks, do you suggest the online version, or the desktop version?

Personal context:

- In June I will be closing on a fourplex that I will be living in and renting the other three units. 

- This is my first property. 

- I very competent with technology as a whole, and I would love  to purchase a program that is able to provide me with in depth reports. 

Thank you in advance for your time and advice! 

Most Popular Reply

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404
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203
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Matt Clark
  • Roanoke, VA
203
Votes |
404
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Matt Clark
  • Roanoke, VA
Replied

Isaac Schaefer I recently switched to Rentec, and have been pleased with the simplicity of the product. It offers robust reporting, online payments, and screening. It’s priced right for small portfolios and their customer service has been great!

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