All Forum Posts by: Adam Hamilton

Hi Simon, I'm sorry to hear that our software wasn't a match for your needs! I'd love to connect to better understand your perspective - we are always looking to integrate customer feedback and improve our offerings. Sending you a DM now!

@Carolina Storms thanks for reaching out!  I will send you a direct message and we can go from there! 

@Cody Z..- Exactly- you create properties first, then link your bank accounts to get a transaction feed, and then you 'book' those transactions by applying the right property and expense account (or whatever type of transaction). For overhead transactions that apply to your whole rental business, you leave the property field blank to book it to the Portfolio level (can be prorated among your properties from there).

@Allen Meringolo- REI Hub differs from Stessa in a few ways. The biggest/most visible differences are that 1) REI Hub is double-entry accounting software (like QuickBooks, Xero, etc.), and Stessa is single-entry (similar to a spreadsheet). Double-entry accounting is needed to create a true Balance Sheet that tracks items like your basis and accumulated depreciation. 2) REI Hub is very customer service oriented- we offer onboarding calls to everyone who signs up for a free trial and provide ongoing phone and email support. 3) REI Hub is a paid subscription (30 day free trial), while Stessa is free.

Glad to hear it, Robert!  I hadn't even noticed that you're in Chapel Hill- not far at all from us.  I appreciate the enthusiasm and look forward to connecting after you have a chance to check it out- would love to hear your feedback.  Thank you!  

Hi @Robert LaPrelle- Well said! The same motivations spurred us to build REI Hub- double-entry accounting software specifically designed for rental property and real estate investors. We also think that single-entry income and expense trackers are incomplete, and that QuickBooks is too expensive and not optimized for the average real estate investor.

Feel free to shoot me a PM or email if you ever want to connect and chat!

We haven't yet released an 'official' partner program, but plan to do so this year.  I'll PM you - would love to have a conversation. 

Hi @Sendin Bajric- great question! Yes, REI Hub can produce the Statement of Cash Flows and Balance Sheet in addition to the P&L or Net Income. To assist bookkeepers and CPAs working with investors, we also have the ability to grant additional access to a Portfolio, as well as the ability to access multiple Portfolios with just one username and password.

Hi @Neel Brown- you've gotten some great suggestions for excel templates and property management software above! If you're looking for accounting /bookkeeping software designed just for rentals, there are a few options in the market now. Check out Stessa for a free bookkeeping and investment analysis platform, or REI Hub (where I work) for double-entry accounting software.

With 12+ doors, dedicated software does present some real advantages over manual tracking.

Hi @Kathy Holle- I suggest you look at a bookkeeping platform designed specifically for rental property. The options I'm aware of are REI Hub (disclaimer: I work there), Rental Hero, and Stessa. All three are easy to use for income and expense tracking. Stessa is free, and is good for tracking investment returns. Rental Hero works well for simple portfolios. REI Hub is a more traditional double-entry accounting system like Quickbooks.

Hope that helps!

Hi @Andrew R.! Have you looked at REI Hub? We are a modern accounting platform designed for rental property owners. We provide everything you mentioned and more - let me know if you have any questions!

The other options specifically for rentals include Rental Hero and Stessa as mentioned above.  Good luck with your bookkeeping!