Must-haves vs. Nice-to-haves

[Alex Kesner]

Hi everyone,
My business partner & I are getting our ducks in a row to buy our first property.

We’ve taken a lot of the necessary steps but I’m looking for feedback on what’s a must have and what’s a nice to have. 

We have our finances in order for a down payment, We know what types of properties we want to buy and we know where we want to buy. What’s left?

my mind goes to a property management software, bookkeeping software, etc. but going to throw this out to the community

what do we absolutely need at first, and what can wait?

[Karl Denton]

Honestly, find some good systems to manage your property. Using a platform for leases and tracking of spending for your first year are really important. I would look into Tenant Cloud, and Stessa for tracking expenses. Honestly even my accountant was amazed with this and how it complied the expenses for the entire year. Other then that start to write procedures of new tenant intake, or when they leave. This way you keep it the same and you can pass this on to a assistant in the future and the systems are in place.