Bookkeeping for long term hold rentals
Looking for recommendations for bookkeeping software to help manage my rental portfolio.
My partner and I buy and rehab properties, then refi and hold long term (BRRRR). We also manage 2 other companies together that require accounting systems. We currently use QuickBooks but are transitioning to Sage. We pay for this software already and were considering using them instead of tracking on excel sheets. Some remodels can be >100K in work and it's a lot to track on sheets.
Is there any real estate specific software that would be better than sage or quickbooks?
Thank you!
Most Popular Reply
I have been doing everything on Turbotenant and loving it there. I also use Baselane for banking and accounting because you can mark each transaction with a tag. Plus Baselane pays like 2-4% interest on the checking account which is nuts!
Turbotenant is super easy to use and cannot recommend them enough.