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All Forum Posts by: Landon Mizuguchi

Landon Mizuguchi has started 3 posts and replied 102 times.

I'm based in Virginia. I have have a couple multifamily and 1 STR in LLC.

Any recommendations would be helpful. Local or remote is fine. My current CPA doesn't understand real estate. 

@Sean O'Keefe can I get a copy of the real estate professional logbook?

Post: Recommendations for RE Accounting Software

Landon MizuguchiPosted
  • Posts 103
  • Votes 19
Quote from @Simon W.:
Quote from @Tania T.:

Thx - everyone.  I am definitely considering an online bookeeper after all of this.  It also looks like alot of the tax accountants use quick books. 


 I second everything Michael said. QB isn't quick and easy. 

I wouldn't stress so much about what Tax Accountants use. All they really need is a Balance Sheet & Income Statement. If they have any questions, the bookkeeper should be able to help out.

Totally agree, Digb and Stessa are more focused on helping real estate investors. This is what the Real Estate CPAs prefer for the reasons Michael already mentioned. 
Quote from @Cathy Bell:

I live and die by Rental Hero. I've been using this software for years for my rentals and it's the best. My tax accountant loves it, too. I don't think I can do anything else now. Rental Hero is so user friendly and so easy! Nice reporting features. Highly Recommend!

This sounds like a commercial on TV :)

Never heard of this software and also a little sketch that this post is from 6 years ago. This may have been the top solution 6 years ago -> top software for real estate investors doing this now Quickbooks, Digb, and Stessa.
Quote from @Brian Van Pelt:
Quote from @Landon Mizuguchi:
Quote from @Taquana Hudson:

Hello is it necessary to have Property Management and Accounting Software for landlords? if so what software would be recommended as easy to use? 

Looked at QB and it doesn't;t handle multiple properties well. I looked at Stessa and Digb and decided to go with Digb because they also support with taxes.

 Quickbooks does handle multiple properties and multi unit properties and taxes. It all depends on how you initially set up the the GL,AP,AR,IN. You have to remember it's just setting up the correct chart of accounts.

I looked into this. QB that supports multiple properties is $85 per month. This is a lot more expenses that real estate focused software and you don't have to "setup anything" it just works for real estate out of the box. I'm not a finance person so I want it to be straightforward. 
Quote from @Taquana Hudson:

Hello is it necessary to have Property Management and Accounting Software for landlords? if so what software would be recommended as easy to use? 

Looked at QB and it doesn't;t handle multiple properties well. I looked at Stessa and Digb and decided to go with Digb because they also support with taxes.

Post: Software for Flips AND Rentals

Landon MizuguchiPosted
  • Posts 103
  • Votes 19
Quote from @Patrick Butler:

What accounting software would you guys recommend I use to manage rentals and flips?  

I've seen a lot of people recommend Stessa, Buildium, etc, because of the additional landlord features such as tenant screening and rent collection, but its unclear to me whether people are using these to only manage rentals, or if they are also using them to manage the accounting/books for their flips?  Quickbooks online seems be able to do it all, but you lose the landlord features.  If Quickbooks online is the answer, do you know if any of the landlord softwares integrate with quickbooks online?

I started on QB and then started looking for something that is tailored to real estate. I looked and Digb and Stessa and eventually went to Digb because it is specifically for real estate and can also help with taxes. 

Buildup's more for property management and they do have accounting modal. 

Quote from @Edward Toomey V:
Quote from @Tyson Jones:

 Hi Edward, 

I was the one who called the Wednesday before Thanksgiving. I called and left a voicemail on Monday, tried again Tuesday, and once more Today. I am going direct to voicemail with the number I have on file. I sent an email just a bit ago, feel free to respond to that with your preferred phone number and times that work for you and I'd be happy to connect. 


 Tyson 

I am not sure why you can not get through now, but I did respond to your email. In short after researching Appfolio and DoorLoop I have decided to go with DoorLoop. The number one reason I have decided to leave RentRedi is the lack of customer service. I know it is 2023 and their are some people that hate using the phone and prefer the chat box, but I am not one of them. I will openly admit I did no research into RentRedi or any property management software when I decided to leave Quickbooks I just saw a RentRedi add that showed the Biggerpockets team raving about the software and being a Biggerpockets fan I jumped right in. I will also admit at this point we are comparing apples to light bulbs since RentRedi was only costing me $59 per month and DoorLoop will cost $200+ per month and for those that have a lower unit count and only need basic services the RentRedi cost should outweigh the beta tech. I do not believe I am RentRedi's target consumer as I have more needs than others and that has been true for other business relationships I tried to build in my time, but I hate when things have to end on sour notes and the fact that it took publicly criticizing the service to get attention is more than disappointing on RentRedi's part as a service business.

Thanks for sharing @Edward Toomey V
Sounds like this was a painful experience with RentRedi

Post: MTR or LTR for a house hack

Landon MizuguchiPosted
  • Posts 103
  • Votes 19

Congrats on closing!