Tracking Monthly Cash-Flow
I am a brand new investor, just bought my first duplex. I know there is a TON of options in tracking monthly cash flow. I want to make sure I’m using an affordable program for a small investor, but also allows me to grow and doesn’t become super manual. What is everyone using? (QB, Stessa...??) Need suggestion!
@Trent Strang I currently kinda use stessa. It needs updated, but seems like it'd be simple if all transactions are going through your property's bank account. I have hopes later this year to move this process to a VA where I'd just review every month. Always looking to shift my time towards more valuable areas!
@Trent Strang I use Stessa tracking (my REI tax advisor actually recommended it over QB and others, especially for landlords) and I use Cozy for rent collecting, background checks, etc... I just started as well and it wasn't too hard to input my expenses YTD on Stessa.
