All Forum Posts by: Mohamed Omer

Okay thanks for the advice.

Okay thanks for the response.

I have been trying to figure out which works best before buying my first property.

This is what I observe:

Excel spreadsheets - free but time consuming

QuickBooks - $30/month but too complex

Stessa - free version is good enough but runs out of steam soon

Other landlord software - from $20-40/month with mixed reviews

What's irking me is that the majority of these tools either make you feel like a huge property management company or as if you're not very tech-savvy. There has to be something in the middle, right?

Actually been dabbling with creating something myself (doing software development when not researching real estate transactions). Nothing fancy, just targeted at the things that really do matter for small landlords without all the extras.

For others who already do this:

How much time do you spend on bookkeeping each month?

What functionality is really important vs marketing mumbo-jumbo?

Did your needs drastically change as you moved from 1 to 3 or more properties?

If anyone feels like swinging by and seeing what I'm up to or has suggestions for what's missing in current tools, hit me up.

Could use some real life advice from people who have navigated tax season with rental homes.

Would like to have this cleared up prior to stressing next April like so many people are talking about.

Hi there, I'm new and hope to learn and network with you all.
Any advice you give me I will appreciate it.
Thanks