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For landlords who want to operate a profitable rental property portfolio where you can grow and scale your properties, accurate bookkeeping is essential.
It is just like any other business. You must maintain good records that will in turn enable you to evaluate and understand your property’s performance and your return on investment or ROI.
Where last week we discussed tips on bookkeeping like tracking, budgeting, and how best to set up your ledger accounts, this week we are talking about what accounting software can best fill your need for such things as bookkeeping automation, reporting, workflow, and tax prep.
Again, not a sexy topic but one that is much needed to keep all of us investors financially aware of what is happening with our rental properties.
LINKS
👉 Episode 78: Bookkeeping and Accounting Tips for Landlords
👉 Our preferred accounting software: QuickBooks
👉 REIHUB: Bookkeeping made easier for rental property owners
👉 The all-in-one landlord management and accounting software: RentRedi
👉 The landlord software with options and grows with your portfolio: DoorLoop
👉 Innago: Property Management Software
👉 Real Estate Investor community: BiggerPockets
👉 The best FREE landlord software for small landlords: TurboTenant
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