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Updated almost 9 years ago on . Most recent reply
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Streamlining Processes
I have amassed a mix of flip project and rentals over the past several years, all while maintaining my fulltime employment - it is not easy working 7 days a week. I am now taking on two more rentals and two new flips starting within the next month - all four units require major renovations... This leaves me in a management quandary. I must streamline my landlord process as much as possible, by automating where I can. I am a one man show.... A bit nutty when I am self managing and self GC'ing - with a full-time job and two kids under 4...
I just opened up a separate svngs account to be able to take electronic payments from my tenants - this will remove my monthly visits to the bank; a small win. I am also setting all of my utilities and debt payments to auto-pay to a credit card - this will reduce my monthly bill pay from many down to just one credit card reconciliation. I have also converted everything to QuickBooks Pro last year; this was a BIG help!
So my question to you my friends... What else can I do to streamline my daily tasks? My leasing process is not too cumbersome; I have a nice chest of document templates that I have created and repeat whenever there is turn-over. I am not sure if there are any efficiencies to gain there. GOt any ideas for tricks and tools that are being used to save time elsewhere?
Thanks for the help.
Josh