STR Accounting Software

[Alex S.]

I have been doing my own bookkeeping and taxes up to this point.  That means, I have physical receipts in a folder and it is a fun game where I have to do my taxes before the ink fades off of them.  However, last year took me out of my comfort zone and since I have added 5 rentals and a new state in 2021...I want to start professional bookkeeping/CPA.  I know you can manage STRs relatively passively, but I don't have systems in place to do it from the federal penitentiary.  I heard their internet sucks.

I've read people's opinions on schedule E vs. C and stuff, but I'm wondering if there is a bookkeeping/tax prep software that is best for STRs?  What software do you use and how much does it cost?

I've read on this forum from CPAs that suggest quickbooks is only worth it if you have the skills to use it (set up classes).  Is that true?

[John Underwood]

I have many more rentals. I use a CPA for my taxes.

I keep everything in excel. Very powerful and very customizable.