QuickBooks Online for rental property managers
I have several buy & hold properties. I am not a professional in any real estate area, learning as I go. I have enough properties that I need to become more organized on records keeping and overall management. I started with Quicken Rental Property manager and soon realized this is a toy of limited value for me. I downloaded and I am trying to set up QuickBooks Online. I purchased the 'How to use QuickBooks for Rental Properties' for about $100 from Jonathan Wolter, but found that this was not written for QBO. Does anyone know of any good documentation to help a non-accountant setting this up.... Yes, I am aware I can hire an accountant; yes I am aware that I could switch to the older version of Quickbooks. Neither are what I am asking. I need to understand this process and want to learn but need some better reference material. I would consider hiring someone if I found someone that has set this up for rental property managers and come with some level of appropriate accounting qualifications....Thanks
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@Mike Wilson For low cost applications for a few properties try rentecdirect.com for about a $1 a property. If you wish to also create, assign and track maintenance requests try buildium.com about $40 month up to 40 properties.
We currently use Buildium because of it's ability to keep things very organized and end of year 1099-MISC service is easy.