Accounting software for real estate investors

[Demetrius Charles]

I am a newer investor. I have now started to purchase property in my LLC. I received a recommendation form another investor to use Quicken. So I went ahead and purchased that. Did I make a mistake? Everywhere I look I see people using Quickbooks? What are the big advantages I am missing out on by not using Quickbooks?

My business is focused on buying and selling single family fix and flip homes. I am also looking to purchase and hold 4 to 10 unit buildings in this LLC as well. I met with a enrolled agent yesterday that was also a book keeper. In that meeting I was given some general ideas, but I didn't feel I had a concrete direction I could go in. She stated Quickbooks is her recommendation.

In other areas of small business I have seen a lot of of people use Quickbooks.  But I didn't feel I had the complexity yet to need Quickbooks.  No employees, not processing payroll, no inventory act. That plus the recommendation; are the reasons why I chose to Quicken.  

Does anyone else use Quicken?  if so, is it working for you the way you want?  For those using Quickbooks, please share how you keep your books with a bookkeeper.  

Thanks everyone.