REI Hub Bookkeeper

Managing Your Property
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REI Hub Bookkeeper

Dumisani Thomsen
Rental Property Investor · Minneapolis, MN · Member since 2022 · 20 posts · 18 votes

We use REI Hub to manage 12 units. Does anyone have any recommendations for a quality bookkeeper that can categorize transactions and generate reports on a monthly basis? Most of the bookkeepers we've seen use QuickBooks and Buildium, but we've personally been using REIHub for a year or so now. Overall we are happy with the software, just want to outsource those tasks.

Thanks in advance!

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Max Emory
Accountant · 100% Remote · Member since 2019 · 497 posts · 216 votes
2y

Hey @Dumisani Thomsen, last time we used REI Hub for one of our bookkeeping clients it was missing some reporting features that QBO possesses. It was also missing some features that make it quicker to correct transactions at scale that QBO possesses.

So, we don't use REI Hub anymore (just QBO). I'm sure it's better now than it was a couple of years ago due to improvements. And, that's great if you guys are having a good experience with it!

I run a large REI bookkeeper group that I can reach out to for a bookkeeper who mainly uses REI Hub if you'd like.

Happy to help!

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  • Simon W.Business Member
    Real Estate Consultant · Lehigh Valley PA & New York City · Member since 2013 · 1k+ posts · 695 votes
    2y

    Honestly, if the person handling your book is competent it doesn't matter what platform you use.

    I have different clients using different platforms.

    Buildium, AppFolio, RealPage, Stessa, Quickbooks, Xero, and others. Granted I am also super tech savvy lol

    Accounting Properties LLC
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  • Sean O'KeefePro Member
    CPA | Accepting new clients | 50 States · Member since 2022 · 1k+ posts · 871 votes
    2y

    @Simon W. I agree, the core principles of bookkeeping and accounting apply to any accounting software platform if the bookkeeper knows their stuff. 

    [email protected]628-241-0888
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  • Max Emory
    Accountant · 100% Remote · Member since 2019 · 497 posts · 216 votes
    2y

    Hey @Dumisani Thomsen, last time we used REI Hub for one of our bookkeeping clients it was missing some reporting features that QBO possesses. It was also missing some features that make it quicker to correct transactions at scale that QBO possesses.

    So, we don't use REI Hub anymore (just QBO). I'm sure it's better now than it was a couple of years ago due to improvements. And, that's great if you guys are having a good experience with it!

    I run a large REI bookkeeper group that I can reach out to for a bookkeeper who mainly uses REI Hub if you'd like.

    Happy to help!

    4Reply
  • Jake BakerBusiness Member
    Flipper/Rehabber · San Diego, CA · Member since 2020 · 1k+ posts · 696 votes
    1y

    @Dumisani Thomsen

    While most bookkeepers do default to QuickBooks or Buildium, REI Hub actually offers a bookkeeper access role, which makes it easier to collaborate without giving up full control. When vetting bookkeepers, make sure they understand cash vs. accrual accounting, property-level reporting, and how to handle owner distributions properly. Even if they haven't used REI Hub, it's fairly intuitive, and a good real estate-focused bookkeeper should be able to adapt quickly.

    [email protected]
    BookkeepingRE - Bookkeeping for Real Estate & Service-Based Businesses52 Reviews
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