Updated about 7 years ago on . Most recent reply
Rental Bookkeeping Software Advice Please!
I have been using Excel to track my rentals for years, but feel I am outgrowing it. My 2019 workbook has 18 sheets! I have tried Cozy and TenantCloud's free online platforms last January and was not impressed with the accounting functions and returned to Excel. I am looking at paid software programs like Buildium or QuickBooks as a possible solution.
For some background, I self-manage 10 units comprised of 3 houses, 1 duplex, and 5 condos. Everything is owned 100% by me, my husband and me, or our LLC. There are currently no outside partners. I expect to grow at a slow but steady pace. I have a strong accounting background with a bachelors degree in accounting and finance and a decade of accounting experience including 4 years as a financial controller for a manufacturer. I am mostly a stay at home mom now, managing our (husband and my) rentals.
Right now I am mainly interested in the accounting functions but wonder if I would appreciate the management aspects of a system built especially for rental property.
Thanks for the suggestions in advance.