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Updated almost 3 years ago, 02/09/2022
Any tips for tracking repair, capex, and vacancy funds?
Quicken has been ok for tracking property income and expenses per unit using tags and their built in reports.
However, I haven't found a good way to track repair, capex, and vacancy funds. I find myself pasting the data from the Quicken reports into a spreadsheet and the adding the fund information there. When I need to draw from the funds, that information stays in the spreadsheet. For small multifamily properties, it doesn't seem worth it to open separate bank accounts for each fund type, especially for each property.
Can anyone share any tips? I'm open to switching accounting software to make this easier.