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Updated 10 months ago,
Better accounting systems for new year?
Hey all! I have 10 units with a partner we’ve slowly built up over the years. This has been a side thing for us, and our accounting has been old school manual spreadsheets, along with rent collection varying from tenant to tenant (Zelle, PayPal, cash app, etc…) neither of us are great at keeping up with accounting which makes tax time a nightmare. What are some suggestions for better systematizing a small portfolio, to where we’re not doing it all manually, and we can have reports to better assess where we’re at throughout the year? I’ve looked into Baselane for banking/rent collection. Has anybody used virtual assistants for this sort of thing? Would love to know what is working for other smaller investors/self-managers!!