Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

59
Posts
29
Votes
Dillon Loomis
  • Fitness Sales Director
  • Erie, PA
29
Votes |
59
Posts

Bookkeeping / Accounting For DIY Landlord

Dillon Loomis
  • Fitness Sales Director
  • Erie, PA
Posted

Hey gang, 

I know there are plenty of threads on this topic throughout the site, but I'd like some advice/guidance specific to my situation here. 

I will be buying my first rental (duplex/triplex) spring '17. I plan to manage the properties on my own for my first few units and will eventually hire a PM. I have a CPA that I will use to file my taxes, but I want to determine the best way for me to track everything throughout the year to simplify tax preparation. I am leaning towards establishing an LLC as well at this point.

Excel? Quickbooks? Other software? Hire a bookkeeper?

I'm slight OCD and don't mind investing the time to at least start everything out on my own, and I'd rather not pay someone to do something for me that I know I'm capable of doing on my own (at least for now). 

Any feedback/input would be much appreciated. Just looking to get started off on the right foot and avoid headaches down the road. 

Loading replies...