Bookkeeping software for landlords?

[Andrew R.]

I just need some basic functions, tracking rental income and expense categories. Able to run monthly or yearly reports on 10 to 15 properties. Profit - Loss statements, etc. Hoping to find something modern and cloud-based and if it integrates with my TurboTax, even better! I don't need tenant screening, maintenance management, notifications or advanced business features, but need something better than just Excel spreadsheets. Thanks!

[Bradley Niemiec]

I've used Quickbooks Desktop for years now.  You can track your income and expenses by classes so you can define each property as a class and get great reports.  It's a solid bookkeeping system and it makes life easy on your accountant provided you set accounts up correctly.  I've used this software from approx 20 units to the 250 +/- units I currently have.  I really should make the jump to QB online but then I'll be looking at that all the time because I'm a numbers junky so I try to leave the finances in the office with desktop. 

We use propertyware to manage our tenant ledgers, online payments, tenant portals and maintenance requests, and while it offers a financial aspect, we find that portion of PW subpar and always GJE (General journal entry) out to QB for the hard numbers.