Using Quickbooks for Rentals

General Real Estate Investing
1

One of the questions I get asked most is “how do I set up quickbooks for my rental properties?” Enough so that the moderators of the intuit community forums have asked me to create a video of how to do it. I’ve been thinking about creating the video and making it available on udemy or via teachable to reach a wider audience.

Some questions for the group:
How many of you use quickbooks for your accounting and reporting?
Have you been satisfied with how quickbooks works for you?
If it could help your business, how much would you be willing to pay for this information?

I’m trying to decide if I want to spend the time, energy and money to put it together.

Comments are appreciated. Also let me know if there are any other aspects of quickbooks for which you would like to see a training video.

Thanks.

2

Quickbooks is very useful. It helps you to manage your money well. Also, it can help you generate a number of financial reports such as trends, year-over-year income, expenditure, and forecasting documents. Lastly, the one thing I like about Quickbooks is user-friendly and uncomplicated. I recommend you should try their software.

3

There’s a learning curve to Quickbooks, for sure. I used it a few times in a job long ago; but if you don’t use it, you lose it. I’m looking into rental property and seeing if there are more all-in-one software options for new landlords (if that’s a good alternative). I don’t know yet.