All Forum Posts by: Frank Jiang

Thanks to everyone for the great suggestions and the warm welcome.  I was definitely considering Quickbooks but I'd never heard of Buildium before.  Hopefully this will be the first of many deals and I'll have the good problem of not being able to handle my own accounting.

Thanks again all!

Hello BP,

I have been a reader of the site for quite some time but I have not yet posted. This week, my wife and I closed on our first deal: SFR in Memphis, TN with a 2-year lease tenant already in place.

In my day job, I work as a financial analyst and I see the importance of keeping a tidy set of books.  I would like to get off to a good start with our family's rental business and keep the financial transactions tidy from the get go.  Currently I'm doing things in Google spreadsheets and I have a suspicion that this process isn't going to scale very well.

Does anyone have any good suggestions for accounting software for landlords?

Unnecessary but highly desirable would be the ability to automate monthly transactions for items such as prepaid insurance, prepaid taxes, depreciation expenses.

Thanks all for your help!