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Updated about 4 years ago on . Most recent reply

User Stats

633
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488
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Brandon Schlichter
  • Real Estate Agent
  • Circleville, OH
488
Votes |
633
Posts

Accounting software for rehab & rentals?

Brandon Schlichter
  • Real Estate Agent
  • Circleville, OH
Posted

I'd like software to deal with my rental & rehab business. Don't want to spend an arm and a leg either (although I can spare it, i'm still a cheapskate).


We buy & rehab houses for rentals. I'd like something that would let me subdivide all my expenses so I can show whether it was a expense relating to rehab a property or ongoing maintenance. Then additionally be able to track income/expenses by property. As it is now I use excel to do it all, it works reasonably well but i have to copy, paste and sort through several different banks/credit cards and make sure i'm not doubling the data.

I'd love to use quickbooks pro but they won't allow me to import expense data, nor allow subdivision of income/expenses as I would like.

Most Popular Reply

User Stats

517
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400
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Chris Simmons
  • Real Estate Agent
  • Owasso, OK
400
Votes |
517
Posts
Chris Simmons
  • Real Estate Agent
  • Owasso, OK
Replied

I keep acquisition/rehab expenses separate active rentals.  I currently use Excel (switching to Wave) for the purchase and rehab expense and once i put the unit into service, I start the rental accounting, revenue, expenses, capex etc in the rental software (RentPost).  

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