Book keeping for rental properties

[Miller Josh]

I have recently gone from one rental to three (and one is a 4 plex) and need a better system to keep my book keeping as for as accounting goes. I am very familiar with Quick Books as I use it for my other business I have. I want a system to keep track of expenses and income from each property separately. Do any of you use Quick Books and if so how did you set it up to track each property or is there another program that is much better in this application? Thanks!

[Gino Barbaro]

@Miller Josh

Hey Miller,

I was using quick books when I owned 150 units.  It works great and generates all the reports you need.  As your portfolio grows you will need to hire a bookkeeper to assist you and possibly use an accounting firm to take over your record keeping

It is a vital part of the business.  If you don't know where you are, you won't be able to get where you want to go.