Bookkeeping Best Practices?

[Brian McCombs]

Hello BP Community! I have recently closed on not just my first, but second multifamily property purchase within the last two weeks! These properties are being treated as out of state investments, and i have hired local property management to look over them. There are a total of 30 units inside four different LLC's.

The two PM companies are using Appfolio software and I have heard the bookkeeping features are pretty good, as long as they are good at inputing and using the tools. My question is should I invest in a bookkeeping software like Quickbooks for keeping the finances outside of their scope of responsiblity nice and tidy, and if so, what software is recomended and why?

What are some things to consider NOW for future scalability? What types of softwares are flexible and modular? What are some mistakes made that you wished you could redo?