General Landlording & Rental Properties

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Jason Sampson
  • Real Estate Broker
  • Virginia Beach, VA
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Help! Landlord Financials Software recommendation; NO Quickbooks

Jason Sampson
  • Real Estate Broker
  • Virginia Beach, VA
Posted Sep 29 2018, 09:08

Hi All! I am looking for a software program, but I don't have any interest in using Quickbooks. I almost don't want a cloud based system. I have been using a ridiculously elaborate Excel spreadsheet for years, but feel a light version of a program might be better. I own a PM company and a considerable amount of rentals (some I manage & some I don't & some out of state), land, vacation rentals, etc. All income received is roughly the same as every Landlord who receives monthly disbursements from a PM company. I have been looking for a program to keep track of financials for each property, individual unit, but not having much luck outside of full blown PM software which I wouldn't be utilizing most of the features. I'm not interested in keeping track of Tenant names, leases terms, SD's, etc; just financials. Money coming in/out for each property and allocated to its proper tax expense by property/unit. Almost a dumbed down PM software. I've looked all over the internet and haven't really seen anything. I know I can't be the only Landlord that needs to keep track of income/expenses in varying degrees like this. Anyone have any suggestions? Thanks, Jason

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Christina Peterson
  • Real Estate Agent
  • Los Angeles, CA
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Christina Peterson
  • Real Estate Agent
  • Los Angeles, CA
Replied Sep 29 2018, 15:56
Hello @Jason Sampson-have you checked out Buildium? It’s one of the newer PM software out there but I’ve had luck using it when I managed property. The system is intuitive and easy to use, and they have a lot of options for viewing/tracking financials and other management stuff. Good luck in your search!

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Jason Sampson
  • Real Estate Broker
  • Virginia Beach, VA
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Jason Sampson
  • Real Estate Broker
  • Virginia Beach, VA
Replied Sep 30 2018, 07:10

Christina, I use Buildium at my PM, but because of the various types of properties and the fact that I don't manage all of them, Buildium doesn't work. Example: land doesn't have income, but has expenses for quarterly taxes so I can't track financials because there's no money coming in.

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Brian Woods
  • Investor
  • Merrillville, IN
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Brian Woods
  • Investor
  • Merrillville, IN
Replied Sep 30 2018, 18:54

Hi @Jason Sampson , I'm wondering if what you might be looking for is a system called STESSA. I found out about this system right here on BP while listening to one of their latest podcasts. Just search on the web for Stessa and you should find it. You can actually sign up for a free account to try it out to see if it will work for you. Hope This Helps.

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Jason Sampson
  • Real Estate Broker
  • Virginia Beach, VA
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Jason Sampson
  • Real Estate Broker
  • Virginia Beach, VA
Replied Oct 1 2018, 09:32

Hi @Brian Woods, I think that's exactly what I'm looking for. I wish it was not cloud based, but I believe that might be the winner! Thanks!!!

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Brian Woods
  • Investor
  • Merrillville, IN
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Brian Woods
  • Investor
  • Merrillville, IN
Replied Oct 1 2018, 17:23

np @Jason Sampson. Glad to help. Hope this works for you. 

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Gabe Meikle
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Gabe Meikle
Replied Oct 25 2018, 21:30

@Jason Sampson spreadsheets are great but they they don't grow very well. Another option is Kitt. It's simple and completely free to track your property financials. Hope this helps and happy to answer any questions you have.