General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 07/16/2020
Professional Property managers- keeping records/track expenses
You guys helped me a lot in my last topic on bank account.
So I was wondering if you would be please so kind and help me out again.
So, question is for professional property managers who have more than 10 properties...
1) How do you keep track of each property? In excel? in property management software?
2) If you use a property management software, how does this software separate each property? Does it separate it by task? Or it combines them all in one month and mixes different tasks in one month? For example, June: fix roof on property A, rent for property B came in, return security deposit to property C?
3) Anything that you can share about your record keeping would be super helpful!