Seeking Advice for First Rental Property Venture

[Candi Kham]

I wanted to reach out and share some exciting news—I've just finalized the purchase of my first rental property, and the closing is scheduled for next week.

As I embark on this journey, I'm eager to kickstart the process with some guidance from seasoned investors like yourselves. My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.

Specifically, I'm seeking advice on the following areas:

1. Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.
2. Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management? Any tips or resources would be greatly appreciated.
3. Tax Professionals: I'm in search of a strategic tax professional who specializes in real estate investments. Any recommendations or insights on how to find the right fit would be incredibly helpful.
4. Tenant Screening: Lastly, I'm curious about effective strategies for finding high-quality tenants, especially when renting out rooms individually. Any advice on this front would be invaluable.
5. I truly value the insights and expertise shared within the BiggerPockets community, and I'm grateful for any guidance or recommendations you can offer as I embark on this new venture.
6. Thank you in advance for your time and support. I look forward to hearing from you soon.