Bookkeeping, multiple LLCs, accounting software etc advice wanted

[Kyle W.]

Hey guys, just wanted to get some advice on my situation. I have been in RE for a few years and have done everything in excel and turbotax so far. My lawyer convinced me to get a couple LLCs and start them for the new year to make the accounting easier instead of mid-year. I am small time right now but looking to grow. I have 3 properties in one LLC 100% owned by me, and 4 in another with 50/50 partnership with my brother.

That said, I feel I need to get my bookkeeping in order if I want to grow.  I've been reading that quickbooks is popular, although I would need to get 2 accounts if I did the online version and it's kinda pricey.  Any suggestions on this is appreciated.

Also with the LLCs, I'm a bit confused about keeping everything separate. I understand I will need 2 new, separate bank accounts, one for each LLC. For expenses I figure I can get a biz credit card per LLC. Does anyone else have multiple LLCs and how do you pay for expenses? I don't want debit cards as they are quite unsecured, my friend lost 1000s when his card was swiped and my brother lost 100s. There is no protection as there is with credit cards. Also i have done flips in the past and may do a few this year. Depending if my brother is involved, can I just do it through one of the LLCs or even just in my name or do I need yet another LLC? Any advice on how to manage these LLCs is appreciated.

I hope I am on the right track by dealing with this relatively early instead of when I have double or triple the amount of properties.  I appreciate any input.