All Forum Posts by: Landon Mizuguchi

Sure, can provide recommendation my for Real Estate CPA . Feel free to reach out it you're still looking.  

Quote from @Keetaek Hong:

Quickbooks Online Pro recently bumped the price to $99/month. 

My wife and I only have <5 properties we are self managing. The old adage would say to use Spreadsheet. However, we found receipt management (downloading emails and pictures and saving them to Google Drive) to be so cumbersome and decided to join QBO train. We thought snapping receipt + sending invoice email directly to QBO was super attractive.

However, we are finding QBO to be also cumbersome and pricey

1) Personal credit card - If I mistakenly use personal CC, I have to manually create an entry (this happens quite often). 

2) Pricey - $99/month is now really adding up.

WE thought it would be a great early learning and investment to adopt QBO now as we scale (hopefully to MTR and LTR). But this is now costing me more time than good old spreadsheet other than receipt management. Any advice? 

We were in a similar situation and decided to look around. Eventually, tried both Digb and Stessa which are setup specifically for real estate out of the box and are cheaper than QBO. In the end we decide to go with Digb because the also handle the taxes and multiple LLCs really well.

Yosef, I'm also GP of syndicate. We're using Digb to track portfolio, financials, and to issue IRS Schedule K-1s to our LPs. 

Thanks for posting! I'll try to make it.

Congrats!

Welcome!

Quote from @Koby Stull:

Quote from @Jonathan Greene:

Welcome to the show. Do you have any properties yet, or are you still looking to find the first one? Either way, you came to a great place to get a ton of information and to make connections.

Thanks for the warm welcome Jonathan. I have wholesaled properties but have not acquired my own property yet, looking to acquire a rehab home I can put some work in before the end of the year. It seems so, very excited to be here!

I think it's worth it. Would check out RentRedi or Buildium. They have decent PM tools. 

Welcome! This is a great start.

Initially, I was using Quickbooks (QB) and then when I go a couple more properties and multiple LLCs it was difficult to manage on QB and required multiple QB subscriptions and this got expensive. I also have no formal training in bookkeeping and don't want to spend the cash to hire one. In the end, I left QB and looked at Digb and Stessa since they're both setup out of the box for real estate investors and can handle multiple LLCs, Finally, I switch to Digb because they also handle the taxes and income / expenses for each of my rentals get autocategorized so I don't really need a bookkeeper. 

I think going rate for bookkeeper is around $200.- $500 a month to start and I'd really rather keep the cash in my bank account and automate things.