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Updated 7 months ago on . Most recent reply

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Rob Tomko
  • New to Real Estate
  • Whitehall, PA
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Organizing finances for multiple STR properties

Rob Tomko
  • New to Real Estate
  • Whitehall, PA
Posted

I was hoping to hear some best practices for people out there that own multiple properties. What are some ways you manage the income and expenses for 10 or more properties?  Do you have separate bank accounts set up for each property or do you guys use any good software programs to help separate out each properties income and expenses from say Airbnb or Vrbo?? 

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John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
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John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
Replied

I easily keep everything organized in excel without having to pay over $1000 per year for QuickBooks.

I have one business bank account (for Non-IRA owned properties) but everything is categorized per property in Excel.

My CPA says every year I am one of his most organized clients.

  • John Underwood
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