Accounting Software Recommendations

[Andrew Voelker]

Hello!  I currently own three single-family rentals and just closed on my first multi-family property, a fourplex.  My properties are in three different states and I use local property managers for full-service management.  I have managed my rentals on a very basic spreadsheet (poorly managed) and it is time to clean up my accounting and legal structures.

Can anyone opine on a cheap and effective software for the accounting side of the business?  I don't need all the benefits of an AppFolio since my property managers are already doing the heavy lifting there.  I want a simple place to track my P&L's and tax implications like accumulated depreciation and tax deferred tax losses.  The emphasis here is on simple, cheap, and effective.

Thanks very much!

Andrew Voelker

(Invested in CO, MN, & IA)