Now what to do!!

[Namal Burman]

I have 3 rentals(2townhome+1 condo) and a primary residence and i self manage my rentals all in San Diego. For me my accumulation mode of RE is done. I just want to hold on to this rentals and rent it out and hold it hopefully forever. Other then having a decent cash buffer as backup for vacancy+ things that will break and having insurance for each property what should i need to do to keep the engine flowing smoothly . And maybe have a good CPA anything you folks will suggest.

Any suggestion.

Regards,

namal

[Lindsey Mannix]

Process is something that is super important to me. This looks like many things but here are some idea starters for you:

- Ensuring that payments are automated for receiving rent, paying mortgage, paying utilities

- Ensuring the lease version used is up to date & calendar notifications are on for renewal periods

- Tenant screening process is defined and followed

- Turnover process is clear and team is in place

- etc

If you need a CPA suggestion, I love Samantha Kelley. She owns Socair Advisors. Happy to make the connection if you'd like.

~ Lindsey