I easily keep everything organized in excel without having to pay over $1000 per year for QuickBooks.I have one business bank account (for Non-IRA owned properties) but everything is categorized per property in Excel.My CPA says every year I am one of his most organized clients.

Keep it simple - Have one bank account just for your business / rental activities. 

.: I want to organize my business books better to be able to quickly apply for loans, LOC, share with an accountant, file taxes, etc.

It's very easy to stay organized this way.

Hi @Suhaib Rehman, you might look into leasing it to a small group home operator, nonprofit, or care-related organization, they often sign multi-year leases, handle upkeep, and pay slightly above-market rents for stable housing.

It's what I use for my rental portfolio, and they've got a great platform / app.

The extra diligence upfront saves a lot of stress later.Get everything in writing — use a solid lease template (there are great state-specific ones online) and document all move-in/move-out conditions with photos.Separate your finances early — open a dedicated rental account so income and expenses don’t mix with personal funds.

It’s funny — we spend so much time hunting for deals, analyzing cap rates, and negotiating offers…but the part that actually determines how much wealth we keep often gets ignored.I’m talking about the business side of investing — how you manage your numbers, track your expenses, and plan for taxes before tax season hits.I’ve worked with investors who made six figures flipping or holding rentals — and still ended up frustrated because their cash flow disappeared into poor bookkeeping, messy structures, or missed deductions.The ones who grow fastest?

After managing rentals for a while, I’ve noticed a few common pitfalls that can cost landlords time, money, and peace of mind.

As the year comes to a close, it’s the perfect time for landlords to organize finances and take advantage of the many tax deductions available in real estate.