Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Tyler Schmick
  • Rental Property Investor
  • McCook, NE
4
Votes |
7
Posts

TenantCloud accounting doesn’t work

Tyler Schmick
  • Rental Property Investor
  • McCook, NE
Posted

I hope I can save some folks from making the same mistake we did. Tenant Cloud is cheap and has some good features….but accounting is not one of them.

I jumped into tenant cloud with both feet, partially because I read a lot of positive things right here on bigger pockets. 

If you have a couple of rentals I think tenant cloud would be great. It does not work for 60 doors, and it took me 9 months to painfully realize.

Tyler

Most Popular Reply

User Stats

20
Posts
30
Votes
Derek Vander Veen
  • Rental Property Investor
  • West Des Moines, IA
30
Votes |
20
Posts
Derek Vander Veen
  • Rental Property Investor
  • West Des Moines, IA
Replied

We use TC to manage our 11 units, and have found it to be a great PM solution. Not sure how things look when you get to 50+ units, but for us, the accounting feature works great. We use TC as our book of record and then reconcile against our bank activity. It takes ~15 minutes per month to reconcile, but gives us a solid understanding of where we stand financially.  It's far cheaper than utilizing QuickBooks, and easily does the job of providing an all in one accounting software plus many other useful features. It's a great PM value for the price. Hope this honest / independent evaluation helps!

Loading replies...