How to self manage accounting/ balancing the books for 23 units

[Tip Lee]

Hi everyone,

Just looking for some advice on how to manage finances. We are set to be closing on a deal that would put us at 23 units total spread across 3 properties that we are self managing. We will be using Cozy for rent collection and maintenance requests, but are trying to figure out the best way to manage the financial side. 

Since we are still small it does not seem cost effect to use one of the online softwares like appfolio or buildium yet. What do you all use to balance the books? Just a simple excel spreadsheet? If so, would anyone mind sharing a copy of the excel that they are currently using? 

One thing we are really wanting to do is to set systems in place so we can scale with them, and not have to constantly change our systems as we grow. 

I would love to hear from those in a similar situation as well as those with 100+ units, to see what they would do different if they were to go back to when they were just getting started. 

Thanks so much for all the help, 

Tip