Expense Tracking+systems for multiple properties

[Tommy Kerwick Jr.]

What kind of systems do you use for tracking expenses/bills for each of your properties? How are you systematizing properties to keep track of all expenses, taxes, profit and loss, etc?

My wife and I are up to 4 properties, 1 of them being a triplex and have been keeping track of everything ourselves in separate spreadsheets and folders but it’s becoming too much and I know there are better systems out there for organizing.

Does anyone use Quicken? If so which Quicken programs do you use? If not Quicken, what do you use?

Thanks! Looking forward to your input.

[Natalie Kolodij]

I like a good spread sheet tracker.

Or QBO but once you get into software I recommend utilizing a bookkeeper in some capacity because QB assumes you know accounting, and will let you do things very wrong. It's not essentially designed for real estate so especially with capitalizing renovations and such having a professional help out will keep from a big fee for cleanup work at tax time.