Cozy.co w/Quickbooks or does it replace the need for QB?

[Brian H.]

Howdy folks.

As I am trying to make sure I am as organized as possible before I close on my first rental properties I am trying to figure this piece out.

I also do a few flips... so I do need QuickBooks for that piece... but does it make sense to go with something like Cozy.co for my rentals? Or should I keep it all in QuickBooks? Or do they work together?

Wasn't sure if, for tax purposes, people still track things in QB while also using something like Cozy.co? Cozy.co seems so streamlined and simple... getting things set up in QB feels daunting but I am not against it at all if it makes sense.

Thank you for any advice!

[Daniel Dietz]

@Brian H. we use a program called Rentec Direct to do what you are thinking of using Cozy for. So far we just use the 'tenant management' part of it (meaning not the accounting) but are working on getting the accounting set up to start the new year with. My understanding from talking to those who use both is that Rentec's accounting is much more advanced than Cozy's. 

I have talked to several people that use it for everything other than the depreciation schedules and let there accountants keep track of that for them. 

We have 29 units and really like it. Nothing against Cozy at all, just thought you should know all of what is out there. 

Dan Dietz