New Member Introductions
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago on . Most recent reply

Newbie Landlord with 4 units in Pierce County Washington
Hello! I have been a BP member for almost a month now and this is this the first time i have introduced myself although I do have one post. I started as a owner occupied single duplex. Now i own 2 duplexes. I still live in one unit but since the entire mortgage is paid by the renter where i live (Orting) and I only pay the escrow and my utilities. The other duplex cashflows about $300 per door. I am a landlord, not really an investor yet and i realize that. Here's a question to those landlords, beginning investors and investors out there. What do you use to keep your books? I currently use Excel. Nice to meet you all!!
Robert
Most Popular Reply

Thanks @Mike Sumsky I will check out Buildium!
Hello @Larry Fried; I responded to your reply but am uncertain if I did it correctly. Thanks for the articles @Brandon Turner. Saw your podcast on what you would do differently. The point that really hit me was you would NOT quit your job yet. I was thinking to be fully committed you would need to throw as much time into this as a person possibly could. You explained it well and helped me see how I could work full time in the industry.
Thanks for the replies @Michele Fischer and @Al Williamson : Michele are you in any RE groups and what are the duplexes valued at over in Longview? Al are you moving from Shoeboxed because it isn't robust enough to keep detailed tracking of expenses per property or some other reason. Now I hope i did this correctly so you all can see i appreciated your replies.