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Updated over 7 years ago on . Most recent reply

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116
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Pat Martin
  • Knoxville, TN
57
Votes |
116
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Rentec and quickbooks question

Pat Martin
  • Knoxville, TN
Posted

So Im looking into using a property management software such as Rentec or Buildium. If I do this will I still have to enter everything into Quickbook? If so what is the benefit of the software over just using Quickbooks? Thanks for any help. I hate accouting and quickbooks but am trying to figure it all out.

Most Popular Reply

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223
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107
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Matt B.
  • Investor
  • Vincennes, IN
107
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223
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Matt B.
  • Investor
  • Vincennes, IN
Replied

Our experience, skip the property management software and just use Quickbooks. Quickbooks by itself is fine for several hundred tenants. We have in the past tried using different property management softwares in conjunction with Quickbooks and found it wasn't worth the time or expense of entering into 2 different programs.

While Quickbooks itself is not a good PM software, we have come to the conclusion that it in itself is fine for most Landlords.

Also, every accountant has Quickbooks. Asking them to look into a separate software program if you need help is not only frustrating, but pricey.

Now if you have over 500 tenants with multiple owners, a separate program would be a neccesity.

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