Accounting Software - keep track of numbers for taxes

Accounting Software - keep track of numbers for taxes

Real Estate Broker · Huntington Beach, CA · Member since 2015 · 1 post · 0 votes

I am a real estate professional and landlord. I was listening to a podcast regarding rental management and the software that helps to track expenses and income. My ears perked up because currently I was using my own system I devised myself using office excel spreadsheets. I have been using my own system for the last 6 years. The bummer about my system is that it at the end of the year I still have to add everything up and spend several days, literally, getting all my figures together to take to the tax man.

I found rentalhero.com and signed up for free. They had a 30 day free trial period so I tried it. It was easy to understand and as I started entering my rental properties into the system I realized it was super easy to use and had everything my spreadsheet had but MORE... lots MORE!!! I was super excited because it has a feature that allows you to upload pictures of receipts and pdf scans of receipts and documents. It stores it nicely online and I don't have to worry about finding this stuff and entering at the end of the year anymore. 

If anyone is looking for a super good software system to manage their rentals I would highly recommend my rental hero... no joking... it is sooooooooooooooooo awesome!

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  • Rental Property Investor · Member since 2017 · 115 posts · 66 votes
    7y

    I've been playing around with Stessa.com. I've used it for the past 2 months and it seems ok. I think Trulia is the parent company and it's "free". I know I'm trading them the data in exchange. I'm just starting with 5 doors but as I scale up, I want systems in place that make my life easier.  I'm going to check out myrentalhero. 

  • Real Estate Investor · Sacramento, CA · Member since 2010 · 292 posts · 103 votes
    7y

    maybe I'm missing something, but just use Quicken. Seems to work fine. Quickbooks would work well, too

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