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Updated almost 5 years ago on . Most recent reply

User Stats

14
Posts
6
Votes
Shaun Nichols
  • Columbia, SC
6
Votes |
14
Posts

Business Planing & Accounting Realtor/Investor

Shaun Nichols
  • Columbia, SC
Posted

Greetings Fellow Investors, 

I'll make this quick. I'm a Realtor in the South Carolina area who will be buying my first house hack this month. I know that in any business knowing and tracking your numbers is vital to success. I'm curious if I should manage my investments for my sales business and my investing business together or separate them? What would be the pros and cons of each approach? I am currently using Quick Books Online Accounting software for my sales business so if I sent them up separately I would need to pay a separate subscription fee for the software. What other accounting software options should I consider?

(note all business entities are currently sole proprietorship) 

Thanks for all your help. 

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