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Updated 3 months ago on . Most recent reply
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Has anyone use Rental Hero for bookkeeping?
I have been trying to research the least expensive way to keep my records until I build my real estate rentals more. I tried to set up quickbooks online, but without paying $720 a year for the ability to do class tracking, it seems like it wouldn't be as beneficial.
I know there are other tools out there more geared towards real estate like xero, etc, but I'm still trying to avoid paying so much every month.
Has anybody used realtyzam or rentalhero (rentalhero.io) they seem to be linked? It seems like it could be geared towards my needs, but I see no mention of it anywhere. Maybe it's just a small company.
Most Popular Reply
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UPDATE:
I have been putting my data into this rental hero software for a while now and I absolutely love it. I have a business google pixelbook, which doesn't use windows or mac os, so it is important that I have the ability to use some form of online access (remote login to pc or mac...or actual online software).
I use google drive for all my scanned business files, so I can easily upload my receipts for transactions/expenses. You can print out a CPA sheet that can break down every transaction (with receipts if you want - so you just upload it once when you're entering data and you're solid)
You have the equivalent of class tracking because you can enter each rental or unit separately. You have the option of a single family unit or multifamily, etc when starting a new rental. You can add notes to any transaction also, so later if you want to search for a vendor (you gas company, insurance) you can search by the actual vendor or something you put in your notes. It has a great search option.
I like how visually organized the software is. You get a pie chart of income and expense breakdowns and then you can open up the bullets to the expense or income categories and it is further broken down as far as you have decided to enter categories for your data.
Best I found is, this was a 30 day free trial and I just looked to check, it is currently listed as $119 a year. That's pretty nice. It blows quickbooks out of the water with ease of use and I can do the class tracking that the basic $20 a month quickbooks was lacking.
There's a phone app also, I just added it to my phone, so I'm not sure how much I will use it yet other than for reference as opposed to opening the website for details. I like to use my computer to upload and organize my receipts typically, but that is because I typically have "scanned" receipts to my google drive from my phone camera. I will still do that for keeping my records straight, but I'll try to work with the app a bit and see how easy it is to pull receipts etc.
I thought an update was warranted because I really like the software and the PRICE.
Eric