I own 6 rental properties and everything flows through one account with tracking in excel, works okay now but I'm buying 3 more next month and I know this won't scale
Need better system for tracking which rent came from which property, which expenses belong where, keeping everything organized without spending my life in spreadsheets
What do landlords with 8-10+ properties use that doesn't take hours every week.
managing multiple rental properties without living in spreadsheets
byu/Acrobatic-Bake3344 inrealestateinvesting
Posted by Acrobatic-Bake3344
5 Comments
Check out Rentberry or Buildium – they handle rent collection and expense tracking automatically so you’re not doing data entry every month. I switched from Excel around property 7 and it was a game changer, saves me like 3-4 hours a week easy
I use Tenantcloud myself, works for me and is pretty reasonable price wise
Turbo tenant is good too
Been using ReiHub and find it user friendly. Splits up properties to track better
When I was your size I used DoorLoop and linked my bank accounts. I was running a bank account for each LLC/property but that became too cumbersome. Switched to one account for operating and eventually went to appfolio. DoorLoop works good if you link your accounts and reconcile monthly.
You can use a system to do it all and get rid of the spreadsheets. It only works though if you use all the functionality