QuickBooks for Personal Finance/STR?

[Reid Sealby]

Hello friends!

I've never used QuickBooks but just read in "Tax Strategies for the Savvy Real Estate Investor" that it can be a pretty valuable tool for bookkeeping. In the book it was really only described for use with long term rentals though/consistent cash flow. Does anyone use QuickBooks for bookkeeping with their short term rentals (i.e., inconsistent cash flow)? Can you use QuickBooks to track and manage your personal finance also? 

Thank you!

[Kathy Kissick]

Hey @Reid Sealby. QBO is an amazing bookkeeping tool for your STR. I am a CPA and use QBO online for my STR portfolio. It a very robust cloud based software that allows you to create separate revenue stream tracking for each of your locations. It also includes a highly functional mobile app which allows to access your data on the go but also snap and upload your receipts directly into the software. If you're looking for any advice on setting up your QBO (if you decide to go that route) don't hesitate to reach out, I'd be happy to help.