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Updated 7 months ago on . Most recent reply

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9
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4
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Paige Kehoe
  • Rental Property Investor
  • Denver, CO
4
Votes |
9
Posts

Back office systems and tools for self property management

Paige Kehoe
  • Rental Property Investor
  • Denver, CO
Posted

Have around 10 units self managed and looking to optimize my business systems to be slightly more scalable and automated. Not exactly sure where to look for this and have done some googling and asking around but don't have a clear answer for how folks have managed keeping the books clean and everything paid on time in a simple manner!

Current systems and tools:

- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues

- Melio for vendor payments

- Baselane for banking - separate accounts for each rental and deposit

- Google sheets for Income and Expense reporting

- Azibo for rent collection automation with late fee automations

- Drive for my leases, SOPs, and documentations of tenants move in/move out

Goals of improved system: ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.

Is there a single software people use or what do you do for your business systems to optimize all of this?

  • Paige Kehoe

Most Popular Reply

User Stats

4,171
Posts
2,499
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Michael Smythe
  • Property Manager
  • Metro Detroit
2,499
Votes |
4,171
Posts
Michael Smythe
  • Property Manager
  • Metro Detroit
Replied

@Paige Kehoe cost vs time will be your biggest challenge!

You can pay for a PMC system like Buildium, Doorloop, Hemlane, etc., or try to piece together several free systems.

  • Michael Smythe
business profile image
Logical Property Management

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