Tips for Bookkeeping By Yourself

[Kevin Phu]

Hey all! Hoping to get some advice from my fellow landlords who manage their own properties. I currently have one SFR (4 bedroom) that I rent out room by room. I do my own finance tracking through some basic Excel spreadsheets and I am looking for a better, more efficient way to keep the books. The main goal is to get a finance system working that is intuitive and will allow me one day to outsource it when I grow my portfolio.

One option I have been looking at is using Quickbooks to log all the expenses and income. Would this be a good start and worth the cost? 

Do you guys have some tips and lessons learned for a noob landlord like me? 

[Daniel Hyman]

Paying for accounting software is usually recommended if you are planning to scale up. 

If you are holding steady at 1 property, a spreadsheet would be fine.