Getting Started with Your First Rental Property Using Free MTD Software 

Starting your first rental property can be both exciting and overwhelming. Alongside finding tenants and maintaining the property, landlords need to keep accurate financial records and comply with HMRC’s Making Tax Digital (MTD) requirements. For many first-time landlords, the thought of managing digital accounts can be daunting. Luckily, free MTD software makes the process simple and stress-free. 

RentalBux is designed specifically for landlords and sole traders, combining property management and accounting in one intuitive platform. With features tailored for beginners, it allows new landlords to manage their finances efficiently while staying fully compliant. For anyone taking their first steps in property investment, this free MTD software provides the perfect starting point. 

Why Automation Matters for First-Time Landlords 

Manual bookkeeping and spreadsheets are time-consuming and prone to errors, especially for those new to property accounting. RentalBux simplifies these tasks through automation: 

• Automated Bank Feeds: All your transactions are imported and categorised automatically, reducing manual work. 
• Recurring Invoices: Rent, service charges, or maintenance fees can be set to recur, ensuring accurate records every month. 
• OCR Bill Capture and AI Categorisation: Receipts and invoices are scanned and allocated to the correct category instantly. 
• Automated Reconciliations: Bank statements and invoices are reconciled automatically, giving landlords a clear overview of their finances. 

These tools save valuable time, allowing first-time landlords to focus on property management rather than complicated accounting tasks. 

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Property-Focused Features That Make a Difference 

Generic accounting software often struggles to meet the needs of property owners. RentalBux, however, is built with landlords in mind: 

• Manage tenants, rent schedules, and property maintenance from one dashboard 
• Track income and expenses for single or multiple properties 
• Support for joint ownership and multiple profit-sharing ratios 
• Pre-built chart of accounts aligned with HMRC requirements 

These features ensure that even new landlords can maintain accurate, compliant records with minimal effort, making RentalBux a leading free MTD software option. 

Find the Right Making Tax Digital Software for Income Tax

HMRC-Approved and Accessible 

RentalBux is officially HMRC-approved for Making Tax Digital for property income and self-employment. First-time landlords with a single property can use the platform free until March 2028. For those with larger portfolios or more complex needs, the software can be upgraded seamlessly, offering full automation and property management capabilities. 

For anyone embarking on their first rental property, adopting free MTD software like RentalBux ensures compliance, accuracy, and efficiency from day one. Its user-friendly interface and automation features make property accounting simple, even for beginners. 

Starting your property journey with the right tools has never been easier — choose free MTD software that’s tailored for landlords, and take control of your finances with confidence.