Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 6 years ago on . Most recent reply presented by

User Stats

519
Posts
222
Votes
Brian H.
  • Carolina
222
Votes |
519
Posts

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

Brian H.
  • Carolina
Posted

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!

Most Popular Reply

User Stats

1,409
Posts
857
Votes
Daniel Dietz
  • Rental Property Investor
  • Reedsburg, WI
857
Votes |
1,409
Posts
Daniel Dietz
  • Rental Property Investor
  • Reedsburg, WI
Replied

@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

  • Daniel Dietz
  • [email protected]
  • 608-524-4899
  • Loading replies...