That is what your “books” are for any accounting software can handle dividing up income and expenses That is true even if the software is as basic as Microsoft excel Now you should have business accounts separate from you personal accounts but that is the main issue.

I think ACH is the best option, tied directly to property management software for tracking.

Use the search bar up top for "property management software" and you'll find a ton of threads.

@Bassim Audi You need to find leases that you will use and I suggest using something like Cozy.co or one of the other landlord software.

I wanted to know if you had any suggestions of tools or software that could help.

Property Management software is designed to manage your property, not your entire bank account.You should have a checking account for your rentals.

Regarding the bookkeeping, you might want to see if they provide software training and troubleshooting to clients that opt to keep their own books.

We use MB software to understand how the project needs to be valued. 

Others above have mentioned Buildium which can be good for that number of units but there's still some flexibility though because managing 24 units isn't the same as 50 or even 100+ (and some software solutions happen to be priced for those rental owners with more units).

Hi everyone,I am new to real estate investing and I currently live and work in Austin, TX as a software consultant.