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Updated over 3 years ago on . Most recent reply

User Stats

120
Posts
34
Votes
Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
34
Votes |
120
Posts

How do you manage your portfolio's budget??!

Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
Posted

Hey BP,

I'm wondering. How do you guys manage your finances. Looking to see if someone has an organized system I can copy. Obviously, you don't ever wanna be dipping into your reserves or savings for maintenance. How do you organize that? Do you use separated bank accounts? I'm looking for a very clear cut system to make sure my reserves are only used for reserves, Capex is only used for capex, and maintenance is only used for maintenance. If anyone has a system that can scale up with me, that would be so greatly appreciated. Thanks

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