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Updated over 5 years ago on . Most recent reply

Account Closed
  • Flipper/Rehabber
  • Mobile, AL
35
Votes |
49
Posts

Best bookkeeping method for rentals??

Account Closed
  • Flipper/Rehabber
  • Mobile, AL
Posted

I just purchased my first rental. My goal is to purchase 20 over the next three years. What is the best way to keep track of income/expenses? Is there a bookkeeping program that is simple and accurate or should I find a bookkeeping service to handle this for me?

Most Popular Reply

User Stats

61
Posts
16
Votes
Dennis S. Gelbart
  • Developer
  • Illinois-Wisconsin
16
Votes |
61
Posts
Dennis S. Gelbart
  • Developer
  • Illinois-Wisconsin
Replied

At this level you want to keep it simple and easy. Try quickbooks for business. There are a zillion others for Rental properties. I know a company that manages over 100 units on Quickbooks. Not a great idea but it works. Start simple and get it done!

Dennis Gelbart 

  • Dennis S. Gelbart
  • Loading replies...