1 purchase = 10 tax lots/duplexes = 20 units. Help with software!
We're buying a development of 10 duplexes (20 units), and I'm trying to figure out which landlord software to use.
- 1 purchase/mortgage
- 10 tax lots/tax bills/buildings/insurance policies
- 20 units/leases
Some transactions will be per unit (such as rents and appliance repairs), some will be per duplex (such as tax, insurance and roof maintenance), and some will be for the entire development (such as the mortgage and common area maintenance). So I need to be able to track and report per unit, per duplex, and overall.
I also need the system to pull transactions automatically from our bank and card accounts. Some manual entry is inevitable, but I do not want to manually enter all transactions across 20 units.
I've poked around in the free version of TenantCloud, but that system does not pull info from our bank/card accounts.
I'm now poking around in Stessa, which looks nifty, but it expects properties and units, and I need one more level.
Is something like QuickBooks Online my only option to get the structure I need, and if so, how would I organize it? (The $35/mo version of TenantCloud connects to QBO, but I'm not sure that solves the structure problem for easy reporting.)
I appreciate any advice the community can provide.