Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Bookkeeping software suggestions?
I'm a new investor and recently purchased a duplex in Indiana, with the intention of investing in a second property relatively soon. My partner and I are using the IN property for short and medium term rentals and it's finally starting to cash flow.
As of now I've just been recording the transactions in an Excel workbook, but I would love to find a bookkeeping software that will take all of the bank account / transaction data and generate reports / display a big picture overview of how the property is performing. Surprisingly, I haven't been able to find one that seems to fit exactly what we're looking for.
I have been thinking about using QuickBooks, but have read mixed opinions on how well it works for real estate investors - especially for investors that have (or plan to have) multiple properties in their portfolio, with different LLCs and bank accounts. Does anyone have any suggestions? Curious what other investors out there are using.
Thank you!