Software to track your rental investment performance

[Wade Luders]

Hi all –

I’m a relatively new RE investor from California and just reached 10 out of state rentals. I use property managers local to the properties so I don’t have to worry about tenant relations, repair requests, etc. as much as if I were self-managing, but I’m starting to struggle with keeping up and organizing the investments.

Does anyone use any software that helps keep track of investment metrics, ROI, property manager communications, etc? I use Quickbooks Online but find it lacking as it relates to the specific metrics I'd like to track for each property.

Things I'd like to track better: property income and expenses over time, ROI / IRR, mortgage paydown / equity buildup, vacancy %, repair and maintenance %, property tax due dates, insurance coverage renewal dates etc.

Currently using Excel but wondering if anyone else is experiencing similar issues or has a solution or specific software application that helps. Considering building something if I can’t find a good off-the-shelf solution.

Thx in advance for any feedback or thoughts,

-Wade