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Updated almost 6 years ago on . Most recent reply
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Best landlord rental accounting software (NOT management software
I will soon be purchasing my 1st SFR. I see many options with good reviews for the management side (particularly Cozy and Tenant Cloud, for example). However, I will using a property manager and am not looking for the ability to choose/screen my tenant, receive monthly funds, etc. I want basically a "portfolio tracker" (for lack of a better term) where I can see individually each home and it's particular financials (Cap rate, COC return, IRR, yearly insurance, mortgage data) as well as look at all of my properties on a spreadsheet report which shows the aggregate numbers.
Is there such a thing? Guess Quickbooks comes closest, but I hear it has steep learning curve. However, there seems to be several book tutorials on how to setup for landlords. Last thread I could find closest to my question was from last year. TIA
https://www.biggerpockets.com/forums/90/topics/532379-best-accounting-software-to-track-rental-property-income-expenses
Most Popular Reply
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@Joseph Woods I use QB online for a lot of real estate investors. You can use an excel file with advanced formulas to track activity as well while you are getting started. I've also recently stumbled onto Stessa but have not used it yet. I've had other real estate clients use Wave as well which I believe is a free solution.