You can go from zero to your first profit-and-loss report in under 30 minutes. Here is exactly how.
Step 1: Create Your Account (2 minutes)
Head to my.lodgicapp.com/register and sign up with your email. No credit card required — you get full access for 7 days. Your account comes with two portals: Manage for property management and Bookkeeping for financial tracking.
Step 2: Add Your First Property (5 minutes)
In the Manage portal, click “Add Property” and fill in the basics — name, address, and property type. You can add detailed information later (purchase price, mortgage details, insurance) but the basics are all you need to start tracking.
Step 3: Log Your First Transactions (10 minutes)
Switch to the Bookkeeping portal and start logging transactions for the current month. Each transaction needs a date, amount, type (income or expense), and IRS Schedule E category. Lodgic pre-populates the category list so you do not have to guess.
If you have receipts handy, use the AI receipt scanner — snap a photo and Lodgic fills in the details automatically.
Step 4: Set Up Recurring Transactions (5 minutes)
Mortgage payments, insurance premiums, cleaning service fees — anything that happens on a regular schedule can be set up as a recurring transaction. Lodgic generates these automatically each month, so you only enter them once.
Step 5: View Your First P&L Report (2 minutes)
With your transactions logged, head to the P&L section. Select a property (or view all properties combined) and a date range. Lodgic generates a profit-and-loss report organized by IRS Schedule E categories. Income at the top, expenses broken down by category, net profit at the bottom.
That is it. Under 30 minutes and you have a professional P&L report for your rental portfolio.
What Comes Next
- Add more properties and their details (documents, loans, inventory)
- Set up service tracking for maintenance requests and recurring services
- Invite your team — co-hosts, property managers, or your CPA can have their own accounts with appropriate permissions
- Close your first month — review, verify, and lock your books at month-end
Start your free trial now — no credit card, no commitment, full access for 7 days.