Regardless of what kind of real estate investing you do, you need to keep track of your income and expenses. If you’re a rental property guy, you might use a specific property management application like Appfolio or Buildium.
If you do a little of everything:
- Rental properties
- Wholesaling
- Rehabs and Flipping
You may want to look at some general small business software.
Quickbooks and Quicken have, for a long time, been the mainstays of small business accounting software. Now Quicken is starting to feel the heat of competition.
Now there’s an upstart in small business software called Xero. Although Xero is starting to gain traction in the U.S., it is already popular with small businesses in England, New Zealand and Australia.
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JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.