Accounting for rental property software? Excel?

[Vincent Q.]

Hi All,

Im a new landlord and an wondering the best way to record the rent, expenses etc for accounting and record keeping.

Any suggestions? Do you use excel, or is there a specific software program specifically for rental property?

Hope you can help

[Ashley Kehr]

Hi Vincent. If you just have a couple units excel would work fine. You could also use quickbooks. I use buildium which is a fully integrated property management software. It tracks income and expenses plus tenants can pay online and submit maintenance requests. Very user friendly. There is a minimum monthly fee and doesn't make sense if you only have a few doors.