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Updated 6 months ago on . Most recent reply

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13
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13
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Alex Cons
  • Specialist
  • Prince George, British Columbia
13
Votes |
13
Posts

Best accounting software to track rental property income/expenses

Alex Cons
  • Specialist
  • Prince George, British Columbia
Posted

Hey BP, 

Tax season is right around the corner and another year went by that I did not track my bills! I would like to find a software that I could start using that will help me track my real estate income and expenses. 

I self manage my own units and I want to set up good tracking habits early on with a few rental units so that I can scale in the future. I would like a software that I could also use on my smart phone and under $15 a month. 

Any suggestions that are real estate friendly?

Most Popular Reply

User Stats

55
Posts
19
Votes
Aladdin M.
  • San Mateo, CA
19
Votes |
55
Posts
Aladdin M.
  • San Mateo, CA
Replied

I am kind of lovin' on RentalHero (rentalhero.io) because it is super simple and comes with some nice automation features.  If enabled, every night the system can download your credit card expenses which then you can categorize much like Mint does.  You can set up repetitious rental income and assign expenses to the respective properties.

Many other softwares do this, but force you to pay the premium price for bells, whistles, and unused features.

This one comes at under $10/month.   Very affordable especially for someone like me who is just starting out.

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