Simple and Automated Accounting for multiple properties

[Cody Woods]

I’m picking up my third property in the next two weeks and I also just finished doing my taxes. From that lovely experience I’ve realized that I need to do a better job of accounting with my properties and I want to do it in an automated way.

First is there a product or website that will import my AirBnB and Vrbo transactions for each of my properties and give me reporting from that? I’d also like to import in my credit card and bank and Venmo accounts and get that accounted in.

What is everyone doing for this? Excel? Quick books? Pay an accountant?

Also, do you keep separate books for each and every property? I haven’t been and many costs are shared across all of them. I’ve been considering just adding up the shared costs and dividing by three to keep it easy.

Would love to hear what you’re doing that works well and is as automated as possible! Thanks!

[Jeffrey Edwards]

I'm not sure about STR but I think Stessa is awesome. I use it to manage my rentals - expenses, bills, etc. It imports all the data from my bank account and I can delete the N/A items. Oh yeah....it's free!