Best Practices & Staying Organized

[Albert Kang]

Hello all,

Introducing myself,

Currently just purchased my first home as a 'house hack'. 

A 3/3 townhouse in a suburban neighborhood of Orlando. The main unit is a 2/2 which I will be living out of, and there is a lofted detached 1/1 garage apartment which I just put under lease this weekend for $1,100 monthly!

Additionally I also just inherited a 3/2 townhouse in a developing part of town, (not as nice), which I will be rehabbing the next couple months before renting out.

Excited to start this journey.... but an issue I have had all my life is staying organized.

Just curious as to how the more seasoned pros stay organized in regards to managing/owning their rental properties.

Would love to stay as paperless as possible, and maximize as much as I can in regards to deductions/tax breaks.

What do you all do w/ your properties? Or what would you do in my situation. Any advice is helpful! 

(ive attached a couple pics of the garage apartment for your viewing pleasure :))

[George P.]

the secret to staying organized is to be continuously doing it.  not once a week,  but daily.  or if you are super active in the business ,  then hourly.  we have 30, I have a full time job,  2 kids that I look after once I get them from day care and do all the financial work.  and yes,  I try to do it daily. it's a tall order