Newbie seeking advice on best way to track rental income/expenses

[Lance Lvovsky]

This is my first post on the forums but I have been reading this website for quite some time now! Lots of great information here and there is so much to learn!

Anyways, I am wondering what is the recommended spreadsheet/application to keep track of rental income/expenses? I realize everyone will have a difference in preference but I am looking to gather some feedback.

I have found a spreadsheet online that mimics IRS Schedule E and it is seems like a viable solution to keep track of income and expenses month to month.

But is there a good way of tracking everything about a unit including the amount invested, equity, loans left to payoff, taxes, etc?

Thanks in advance!