Managing your books/portfolio
What application/program do you recommend for managing your books/portfolio. We are currently using quickbooks but as our portfolio expands I was wondering if there are any other user friendly applications that anyone recommends? We are ideally looking for something that is designed specifically for real estate.
Most Popular Reply
@Benjamin Knight I agree that QBO can handle a good size portfolio as long as it is structured correctly. I have clients that used Stessa but I think this is ideal for smaller clients that just want a handful of properties. I also have clients using Buidlium and they love it. I personally don't like it, it's not as accounting-friendly as QBO. I feel limited on the financial side but they enjoy it. I've heard appfolio is great but I haven't worked in that platform much. I think it really depends on if you want to keep doing your books or if you plan on handing them off to a bookkeeper. If you plan on handing it off once you get to a certain point, you may want to interview a couple and see what they use. It's going to be an extra penny when they have to move everything to their platform and set up all your properties. You may need to be planning a little ahead. Good Luck!