Student Rental Property Software

by Antonio L
(Toronto)

I own a number of student rentals and want to manage from both an accounting software perspective and an investment management perspective so that I can also manage IRR and NOI. What software program would be the best to use for such a need? And, how easy is it to use regularly and for year end tax reviews? Key would be that I can name each property as individual entities but on a cumulative basis I can consolidate results.

Much appreciated

Comments for Student Rental Property Software

Click here to add your own comments

Apr 15, 2014
RE: Student Rental Property Software
by: Tom Karadza

Thanks for the question!!

There's a lot of different opinions on this. Everything from high-end software to paper and pen. The bottom line is that most people use either Excel Spreadsheets and/or QuickBooks. Even the super high end programs have their limitations. Again, you'll get a lot of opinions on this and you should do what's right for you. In all the years we've been searching we've never found a single program that gives us both the accounting with want and the investment analysis we want so we use a combo ourselves. It's time for someone to come out with one!

If you Google property management software you'll find a lot of options that include either some accounting or integrate into an accounting package. But again, be thorough before you buy any of them because from a reporting standpoint they all lacked something for us and we ended up back with QuickBooks.


Tom.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Submit A Question.

                  

  Some Cool Free Stuff...

  Step 1:

Grab a free digital copy of our real estate investing book, Income  For Life For Canadians, right here. This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.

You'll also receive our weekly [Your Life. Your Terms.] email newsletter with the latest investing updates and videos.


  Step 2:

Free Weekly Investing Videos & Articles: Get the latest updates and join the over 10,000 other Canadians enjoying the weekly [Your Life. Your Terms.] email newsletter. The email is sent out each Thursday. And as a little bonus we'll give a FREE digital copy of the book, Income For Life For Canadians, too!

Your Life. Your Terms.



  Step 3:

Free LIVE Investing Class: Do you live in the Greater Toronto or Golden Horseshoe Area? Come out to our next introductory "Investing in Nice Homes in Nice Areas" Real Estate Class.

Get all the details by clicking here.

It's 90-minutes and you'll learn a ton - promise!Thousands of investors have now joined us for this class and the feedback has always been amazing.


This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.