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Updated almost 10 years ago on . Most recent reply

User Stats

397
Posts
90
Votes
Jane A.
  • Investor
  • Shawnee Mission, KS
90
Votes |
397
Posts

Optimizing business process for managing rentals

Jane A.
  • Investor
  • Shawnee Mission, KS
Posted
I need an advice. We started rental business and during 2 years our portfolio jumped from one rental to 20 doors. I am managing it myself and trying to optimize the process. I am at this point right now: Tenants make a direct deposits into my business account (I have them direct deposit coupons without full account number and without my home address). Some tenants use direct transfer or online automatic transfer. I hired general contractor to manage maintenance and I have a list of contractors for different kind of projects. For some units I find tenants myself, for remote units I have an agent. I am thinking what else I could do to save my time and energy. Please tell me what I could do better.

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