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Updated over 2 years ago on .
Looking for a Auto-Pay System/ help with book keeping
Hi,
My name is Skylar I'm two months into my real-estate investing journey. I closed on my first single family a couple of months ago. My realtor and I searched hard all year for something that the numbers worked on and got beat out a ton. So, when we came across this property it was kind of a shock when my offer got accepted. Closing on the property happened before I had a chance to put a system together and rules for myself to follow. So, I'm kind of getting a trial by fire. I have a good tenet in right now I'm just trying to build myself up for the next one.
I do have a few questions regarding strategies and how you guys automate the payment systems. What are some of the systems you all have in place for collecting and keeping up on rent? I am trying to put a system in place to automate this the most that I can. I do understand that it will still take leg work I'm just trying to take out the excuses of missed rent or late payment. Is there something out there that is a one stop shop to where I can not only post payments and such but also have it help with my bookkeeping as well that is a little like the program that AM4H uses on their site? I wanted to have all of this in order before I started but you've got to start somewhere.
Thank you in advanced!