Quickbooks for multiple property types

[Jared P.]

How well does Quickbooks work for managing the accounting for multiple types of properties? I recently acquired a commercial property (single tenant, national retail chain), and now I'm under contract to acquire a property that I plan to operate as a vacation rental. I'm wondering if I can set it up so that I can easily track expenses, debt payments, etc. for both properties, but have them applied to the appropriate property so that I can easily see how each property is doing. I will own each property in its own LLC, and each will have its own business banking account. I was thinking it might make sense to set up a parent company of sorts to consolidate into one account. I know Quickbooks has a way to link to accounts and track things, but I haven't used it before.

[Paul Sandhu]

I use a slide rule and an abacus for all my book keeping.