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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Financial Services
  • Salt Lake City, UT
16
Votes |
53
Posts

Bookkeeping/Property Management Software Suggestions

Account Closed
  • Financial Services
  • Salt Lake City, UT
Posted

I’ve purchased my first duplex and I’m trying to figure out how to do the property management aspect as well as the book keeping since they seem to be separate. Ideally, i'd like one piece of software or cloud based program to handle it all.

I want to start off as efficiently as possible in hopes that when I have more properties these platforms (or hopefully one platform) are easily scalable to incorporate new acquisitions.

My initial thought was to purchase quickbooks and figure it out with one property since there seems to be a learning curve (my accountant highly recommends quickbooks).

For the property management, Cozy.co seems to be a cost effective way to go but is it better to go with Buildium (which has bookkeeping too) since the cost scales accordingly? Would quickbooks be able to handle the property management as well? Seems like buildium handles bookkeeping as well but does it do all the same things as quickbooks?

I’m primarily a buy/hold investor but considering flips as well. Want to keep my costs low but realize the upfront investment of time/money will prob be worth it long term if i go with quickbooks.

Took a look at some recent posts relating to this topic and put them here to consolidate a bit

https://www.biggerpockets.com/forums/80/topics/141...

https://www.biggerpockets.com/forums/311/topics/19...

long thread https://www.biggerpockets.com/forums/52/topics/801...

the power of QB https://www.biggerpockets.com/forums/517/topics/24...

QB rant and tip, mostly rant https://www.biggerpockets.com/forums/80/topics/257...

Thoughts/Comments………………………..

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