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Updated about 4 years ago on . Most recent reply

User Stats

206
Posts
232
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Zachary Elliott
  • Real Estate Agent
  • Burlington, KY
232
Votes |
206
Posts

Best Expense Tracking for Small Landlords

Zachary Elliott
  • Real Estate Agent
  • Burlington, KY
Posted

I'm curious about what other small landlords are using to track expenses on their properties. I'm not entirely opposed to using something like Quickbooks, but it seems like it comes with a bit of a learning curve. Right now, I have a rental property budget set up in YNAB, which allows me to essentially budget for all actual expenses and set money aside for vacancy, cap-ex, and maintenance. But I'm not sure if this is something that would really work long-term, especially since I'd like to grow the number of units I own. 

Most Popular Reply

User Stats

3,019
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2,321
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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,321
Votes |
3,019
Posts
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

Hey @Zachary Elliott, I had mine set up in YNAB initially, but because I used it for my personal budgeting as well it led to a cluster-cuss of budgeting.  In the time since I stumbled across Stessa and I would wish it on my best friend, but never my worst enemy.

Stessa is free and using it to its fullest capabilities will be something that future Zach will thank you for!

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