Full time I am a Senior Developer specializing in point of sales systems and financial reporting. Im in the process of leaving that field and doing full time real estate investing and property management. I currently have 11 properties. I found that I didn't like the accounting software available. There are several options that do everything imaginable. But to me they were expensive and overly complicated. They simply did way more then I need.
Well being a developer I decided to just write my own. Honestly, for me it was a rather simple task. I have built systems doing over a million a day in sales. So having to build something to process 11 rent payments and tax expenses was a fun side project.
I showed my banker and accountant to make sure everything was they way they would want it for year end stuff. They loved it and both suggested I sell it. I don't know... I am not sure I want to mess with it. There are a few big players already dominating that market.
So my question to you all is:
Should I bother?
Are you happy with what your using?
Would you want a more simply less fancy system that just does what it needs? Im think of the guy or gal who has a full time job and started getting into rentals as a retirement or extra form of income. The people with 2 to 30 properties. I don't care about those with 300 units. They have great fancy tools and the money to make what they need. I didn't want all that stuff. I just want to see my profit and loss in a nice easy layout.