Best Accounting Software when managing both Short Term Rental and Long Term Rental Properties

Following. We have LTR and STR as well. I use Quickbooks right now but trying to explore options for doing this better/more efficiently. 

Hey there!! I’ve been experiencing similar issues and have been working with my CPA and a developer friend on a solution. We’re getting close to opening things up for beta testers. If you’d be interested in connecting or learning more, send me an email at nick@pinewellpropertygroup.com.

I just reached out to Nick to learn more. Seems like a great opportunity to find a solution that meets the needs of many owners and managers who have both Short and Long Term Rental Properties. Right now we have a massive Google Spreadsheet, with 100’s of SumIf statements → tons of opportunities for data entry errors etc. The issue that we’re experiencing is:

1. easy coding of expenses to the correct properties
2. easy allocation of revenue to specific properties
3. easy fee assignment to owners that results in revenue to the management company, including upsells, late fees etc.

Would love to develop a community of folks who are doing both and discuss best practices, land mines, dead ends etc - and meet regularly to discuss. Please email me at micah@serenbe.com if you’re interested!

Thanks,

Micah

Have you tried Baselane? I would think it might be a good option for you.

I switched from QBO to REIHub last year.  It’s much cheaper, and also far easier to use.  

I built my own full stack using Google Cloud, Python, and Flutter. We stopped using quickbooks because it’s a million dollars and not quick! Now I automatically separate all expenses utilizing a Google AI to ingest an image of the invoice or receipt and populate the spreadsheet with summary then separate by business, then house, and recombine the numbers utilizing an AI-assistant to format spreadsheets. Next up, slowly adding automation and more native/automatic integration with Hospitable for the income portion of the finances.