Best software to use for book keeping

[Warren Romig]

I plan on having 50 units by the end of the year..what's the best/most simple software to use for bookkeeping?

[Fred Heller]

Quickbooks is not good for property management companies. There are some property management functions, like trust accounts, that it is simply not equipped to handle.

I use PropertyWare, which is pretty thorough. They also have a marketing section which allows you to store all the info and then market your vacant units with one click. What I don't like about it is it's pretty clunky and hard to understand at first.

Buildium is pretty good. It's user friendly and not very expensive. I think you pay something like $40 for the first 30 doors, another $40 for the next 30 doors, etc.

There's also a cloud-based service called TenantCloud.com. I've played around with it, and it's pretty simple. It also has the advantage of being free.

The most popular programs, Appfolio and Yardi, are good but very expensive. They have minimum fees of somewhere in the $200/month range. I wouldn't consider these until you have hundreds of doors.