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Updated over 2 years ago on . Most recent reply

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78
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Artur A.
27
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78
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Bookkeeping with Property management

Artur A.
Posted

A property manager is using Buildium. 

Can I use it for bookkeeping and share it with the CPA (for filing taxes).  Would you recommend doing additional bookkeeping with another software? (In case if I change PM and plan to increase my portfolio by 1-2 properties per year in another location). I don't want to have issues in the future. 

Quickbooks is pricey option ($25 per month), what do you recommend using?

Most Popular Reply

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1,311
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Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
636
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1,311
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Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
Replied

I am really not trying to be rude.

$25/month is too pricey? You're in real estate, $25/month is very low budget. My clients are using QBO Plus which cost 3x as much as the lowest tier. I honestly prefer other platforms which cost hundreds to thousands a month compared to QB. 

If you need something free then there are plenty of software for that, but it isn't ideal.

Do a quick search on BP and you will see plenty of "cheaper" or "free" options.

  • Simon W.
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Accounting Properties LLC
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CFO LLC

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