Bookkeeping for small landlords - what do you use and is it working?
Hey small landlords: I’m curious what everyone is actually using for bookkeeping and rental-property accounting.
For those of you with fewer than 10 rental properties:
* What software do you use?
* How much do you pay per month?
* What does it not automate that still requires manual work?
* Does it automatically identify and match rent payments to the correct tenant and property?
We currently use Baselane for $20/month. I like the price, but we’re still spending too much time manually categorizing transactions, assigning them to the correct property, and figuring out who sent a rent payment—especially with Zelle.
Would love to hear what you use and, more importantly, what you still have to do manually. No software seems perfect, so the tradeoffs are what I’m most interested in.
(Only Landlords of<=10 units only, please)