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Updated over 8 years ago on . Most recent reply
New Member invested in Portland, OR starting books on properties
Hello!
I'm new to the Bigger Pockets community and look forward to learning a great deal from all of you! I've owned a rental property outside of Portland, OR for 10+ years but I was more focused on my career than on making it a profitable rental. Now that I'm between jobs, I'm becoming more involved in my properties.
I would like to start keeping books on my properties vs having their financial information buried in my personal finances.
My questions for the community:
1) If my goal is to eventually seek financing from others and therefore I will need P&L Statements and other reports on my properties, what software should I use - Quickbooks, Buildium, etc?
2) For a complete view, should I attempt to recreate the last 10 years in my books or start from this point forward?
Thank you for the advice!
Anna