Basic bookkeeping software

[Michael Thyssen]

Hi everyone. I recently purchased my first rental property. It's a 4 family, I live in one of the units, and will be managing the property. I was wondering what type of bookkeeping software property managers use for a situation like mine?

[Nathan Gesner]

There are a lot of options out there. Do a Google search for "free Landlord software" and you'll find TenantCloud, apartments.com, zillow.com, RentRedi, Innago, and more.

You will never find "perfect" software! Look at a few of them to see what services they provide. Lock in on 2-3 of them, sign up for an account, and take them for a test drive. Settle on the one that is easiest for you to use and understand. Be careful about crazy upgrades you'll never use but definitely look into valuable updates like online payments or online application and screening.

I've only tried TenantCloud and thought it was very easy to set up and use. Lots of features and capability for free and it only cost around $10 a month to accept online payments.