HOW TO ORGANIZE PAYMENTS TO MY MORTGAGES/EXPENSES

[David B.]

Hi guys, 

As a new real estate investor, I have a very basic question that I could use your help with.

I'm starting to rack up properties (5 units currently) and my intent is to keep BRRRR investing into more and more.

However, I'm starting to realize the more rentals I get, the more responsibilities I'm going to have in terms of paying my mortgages and such. 

I should point out that organization is NOT my strong suit. I'm much more of a vision/ execution guy. That said, I know I'm going to need systems in place to make sure my properties are running fluidly. 

So I wanted to ask what steps you get when you get a rental property? Do you open a bank account for that property and set up an auto pay? Do you pay each at the top of the month? What about reserves?

Please guide me towards an easy, effective system I can implement as I build my portfolio. Talk to me like I'm a baby haha I can use all the help I can get. 

Thanks Kindly everyone.