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Updated almost 6 years ago on . Most recent reply

User Stats

501
Posts
102
Votes
Charlie Moore
  • Rental Property Investor
  • D.C
102
Votes |
501
Posts

Best free website - software for my ACCOUNTING needs—

Charlie Moore
  • Rental Property Investor
  • D.C
Posted

Where do you STORE all the key aspects of your business?

Where do you handle accounting? Expenses and rent incomes

Most Popular Reply

User Stats

82
Posts
18
Votes
Hideyuki Gojima
  • Rental Property Investor
  • Long Island City, NY
18
Votes |
82
Posts
Hideyuki Gojima
  • Rental Property Investor
  • Long Island City, NY
Replied

@Charlie Moore

Do you mean data storage? such as lease, agreement, or insurance policy?

Some property management software like appfolio or buildium has a lot of features such as accounting, tenant management, rent payment, lease application and digital storage.

But if you are looking for some separate solutions

Document storage : Google drive, Dropbox, Box

Online rent payment : Cozy, Rentpayment

Accounting : Quickbooks, Freshbooks

I am not sure how you structured your portfolio but when it comes to the accounting to manage your properties, it is always the best to separately book the financial information for each property even though multiple properties belong to one LLC. If it is Schedule E, you still have to disclose the income and expense separately anyways. No matter what software you use, you should keep this in mind!

Good luck!

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