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All Forum Posts by: Beth Cannon

Beth Cannon has started 10 posts and replied 24 times.

General Landlording & Rental Properties

Post: Do I need QuickBooks if I have a PM

Beth CannonPosted
  • Rental Property Investor
  • NC
  • Posts 25
  • Votes 5
@Joe Hines Thank you so much for this information. It all makes perfect sense. I'll be getting QuickBooks tomorrow.
0 Votes
General Landlording & Rental Properties

Post: Do I need QuickBooks if I have a PM

Beth CannonPosted
  • Rental Property Investor
  • NC
  • Posts 25
  • Votes 5

Just what I needed to know. Thanks Dan!

0 Votes
General Landlording & Rental Properties

Post: Do I need QuickBooks if I have a PM

Beth CannonPosted
  • Rental Property Investor
  • NC
  • Posts 25
  • Votes 5
Originally posted by @Dan V.:

Yes, it is recommended that you have your own recordkeeping, not only to capture transactions not processed thru PM such as admin & overhead expenses, owner contribution/distribution, fixed assets, mortgages, insurance, etc, but also it's a good control to make sure all PM transactions are accounted for properly and completely. Also, having your own set of books, you can easily pull data, should you decide to do some analysis on your business. 

0 Votes
General Landlording & Rental Properties

Post: Do I need QuickBooks if I have a PM

Beth CannonPosted
  • Rental Property Investor
  • NC
  • Posts 25
  • Votes 5
I am considering using a property manager for several of my single family rentals. I do all of the maintenance and repairs. Would it be beneficial for me to keep records through QuickBooks myself or should the property manager be able to give me all that I need for taxes or when I want a report on a specific property?
1 Vote