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Updated about 1 year ago on . Most recent reply

User Stats

47
Posts
16
Votes
Dan Goeckel
  • Rental Property Investor
  • Portland, MI
16
Votes |
47
Posts

QuickBooks or other software

Dan Goeckel
  • Rental Property Investor
  • Portland, MI
Posted

We are looking at QuickBooks from the stand point of managing our books, payment of suppliers and tracking building expenses and income. Also looking to automate some of these items. Are there any other “money management” softwares out there that are comparable or better for the price?


We currently use RentRedi and it is good but isn’t terribly intuitive and slightly clunky, but inexpensive. We have been using it for about 4 years now. So to expand into other functions they offer doesn’t seem useful. Great for onboarding of new tenants, rent payments…all the “rental stuff”. We don’t use any of the maintenance functions. We have also used Hemlane and it is great but exorbitantly expensive. We also use excel for all the tracking of incomes and expenses so we know where we stand each month, year, etc.


Thank you in advance for your input.

  • Dan Goeckel
  • Most Popular Reply

    User Stats

    95
    Posts
    66
    Votes
    Todd Lennig
    • Accountant
    • New York
    66
    Votes |
    95
    Posts
    Todd Lennig
    • Accountant
    • New York
    Replied

    @Dan Goeckel. My bookkeeping clients that have multiple properties use quickbooks online at the plus level subscription with the "class" option.  The class option is what you need to put expenses and income to specific properties like you are looking to doThis currently runs around $80-90 a month.  Xero has told me that they have that same "class."  I currently don't have anyone using Xero to know if it will work the same.  

    I am happy to spend some time on the phone or through google meet to show you how it will work.  Obviously, free of charge.  Offer is good for anyone interested.  

    Let me know, happy to help.

  • Todd Lennig
  • [email protected]
  • (607) 283-4499
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