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Rental accounting for owners with LLCs

Separate books for every LLC.
Your rentals, in one place.

Manage properties held personally, in LLCs or with partners, with separate entity books and per-property reports. Rent collection, a tenant portal and a landlord app are included in one flat-priced plan.

Get started See pricing
Investor plan · $15/month or $144/year. 30-day free trial.
  • Per-property P&L
  • Separate entity books
  • Rent collection included
  • No unit limits
Actual Stateful property P&L with illustrative rental income of $2,500, expenses of $980 and net income of $1,520
Actual Stateful screen · Illustrative data · Explore the reports
Built around rental accounting

The everyday details your books need to get right.

Rent, connected to the books.

Collect rent through the tenant portal and keep the tenant balance and the property’s rental income connected.

A mortgage has three parts.

Split principal, interest and escrow. Keep the loan balance on the balance sheet and interest in the property’s expenses.

Paid personally? Keep it clear.

Record a repair paid on your personal card as a property expense, with the amount owed to you tracked separately.

Inside Stateful

Know what each property earns.

See rental income, repairs and interest together. Open the detail behind a number or export the report for your accountant.

Actual Stateful property P&L with illustrative income of $2,500, expenses of $980 and net income of $1,520
Actual Stateful screen · Illustrative data · Enlarge report (opens in a new tab)
Built for multi-LLC owners

Know which entity owns every balance.

QuickBooks classes help group income and expenses. Locations can also filter balance sheets, with allocation limitations, within a single company file. Stateful organizes your books around each legal owner, with properties and accounts tied to the right entity.

  • Per-property P&L
  • Balance sheet per LLC
  • Report exports for your CPA
How multi-LLC bookkeeping should work
Within a single QuickBooks Online company file. Features vary by plan. Read Intuit’s explanation of classes and locations.
NeedQuickBooks classes / locationsStateful
Property income and expensesClasses can group P&L activityPer-property P&L
Entity balance sheetsClasses do not accurately separate a balance sheetBalance sheet by legal owner
LocationsCan filter balance sheets within one company fileProperties linked to their owning entity
Owner-paid expensesConfigure accounts and entriesOwner-paid workflow and due-to-owner report
Operations included

Operations and accounting in one place.

Accounting

  • Bank feeds and imports
  • Mortgage splits
  • Owner-paid expenses
  • Reconciliation and close

Rent and tenants

  • Online rent collection
  • Tenant portal and statements
  • Deposits held as liabilities
  • Late fees and maintenance

Landlord app

  • iPhone and Android
  • Receipt capture
  • Mileage tracking
  • Synced to your books

Tax time

  • Schedule E per property
  • Mileage log at the IRS rate
  • Repairs vs improvements
  • Exports for your CPA
Included

A door for tenants. An app for you.

Tenant portalPay rent, see statements, request maintenance.Landlord appReceipts and mileage tracking, synced to your books.
Priced to be the economical choice

One flat price. No unit math.

Stateful is one Investor plan, with no limits on units, properties or entities. Add another rental or LLC without adding another software subscription.

See the plan
Public pricing checked October 13, 2026: Buildium and AppFolio. Minimum spend applies to AppFolio; request a quote. Processing and other service fees may apply. Plans change.
StatefulBuildiumAppFolio
Monthly price$15 flatFrom $62Get a quote
Unit minimumNoneContact sales50 units for Core
Free trial30 days14 daysContact sales
Investor plan

$15/month.
One Investor plan.

Or $144 a year, equivalent to $12 a month. No per-unit pricing. Start with a 30-day free trial.

Payment method required. Cancel before the trial ends to avoid a charge. Payment processing fees are separate.

Explore pricing
  • Unlimited units, properties, and entities
  • Tenant portal and rent collection
  • Landlord app with mileage tracking
  • AI document extraction
  • Schedule E and mileage reports

Find your fit.

Compare the $15 plan against the alternatives

Stateful vs StessaA broad free plan, rental finances, and tenant tools.Stateful vs BaselaneIntegrated banking, bookkeeping, and rent collection.Stateful vs REI HubRental accounting, financial reports, and tax preparation.

Every LLC. Every unit.
One plan.

Get started Investor plan · $15/month or $144/year. 30-day free trial.

Property management and real accounting for multi-LLC landlords.

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