Bookkeeping for beginners

[Ed Chamberland]

Looking for advice to get our books in order, so to speak. We now own 10 units - our first deal. Should we hire a local bookkeeper? Use a new app? Use property management software? Open to ideas. Thx

[Ben Day]

ey Ed!

I would definitely reach out to a professional. Bookkeeping seems pretty harmless at low volume, but it’s always best to start out strong.

Most PM softwares are built for management businesses, not investors. I would suggest not going the PM software route, and stick to something that other professionals will know. Quickbooks Online Plus does a great job, and it’s super easy to find support for their software. This will also help you scale your business depending on the functionality you’re looking for long term.