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Updated almost 9 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Mike Wilson
  • Investor
  • Owasso, OK
2
Votes |
6
Posts

QuickBooks Online for rental property managers

Mike Wilson
  • Investor
  • Owasso, OK
Posted

I have several buy & hold properties. I am not a professional in any real estate area, learning as I go. I have enough properties that I need to become more organized on records keeping and overall management. I started with Quicken Rental Property manager and soon realized this is a toy of limited value for me. I downloaded and I am trying to set up QuickBooks Online. I purchased the 'How to use QuickBooks for Rental Properties' for about $100 from Jonathan Wolter, but found that this was not written for QBO. Does anyone know of any good documentation to help a non-accountant setting this up.... Yes, I am aware I can hire an accountant; yes I am aware that I could switch to the older version of Quickbooks. Neither are what I am asking. I need to understand this process and want to learn but need some better reference material. I would consider hiring someone if I found someone that has set this up for rental property managers and come with some level of appropriate accounting qualifications....Thanks

Most Popular Reply

User Stats

24
Posts
5
Votes
Phillip Smith
  • Contractor
  • San Antonio, TX
5
Votes |
24
Posts
Phillip Smith
  • Contractor
  • San Antonio, TX
Replied

@Mike Wilson For low cost applications for a few properties try rentecdirect.com for about a $1 a property. If you wish to also create, assign and track maintenance requests try buildium.com about $40 month up to 40 properties. 
We currently use Buildium because of it's ability to keep things very organized and end of year 1099-MISC service is easy.

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