New Member/Investor | Baltimore, MD

[Eric G.]

My name is Eric and I have been listening to the BP Podcasts for around 6 months now. I currently live in Baltimore MD but i'm originally from Bergen County, NJ. While I love everything about REI, my true passion is in my current career in Law Enforcement. As of now, i'm more so interested in a buy and hold strategy long term. Based on the wealth of knowledge this site provides, I wouldn't be surprised if I ended up exploring other options down the road. I just purchased my first two unit property in the "Canton" area of the City and would love to connect with other investors who can provide insight and possibly business relationships for the future.

The property is divided into two units, downstairs and upstairs, both with separate meters ( Both one bedroom). I have rented the downstairs with a tenant who is on a 1 year lease for $950 a month. I plan on occupying the upstairs unit for at least a year, maybe two before exploring the option to rent both sides. After I renovate the top (which I plan to do myself), I should be able to get $1000-1100 a month. I would love to meet other investors who can provide insight as this is my first experience as a land lord.

Thanks, 

Eric

[Ned Carey]

I use Quickbooks.  It is not true property management software but it does what I need it to. It is very good for the accounting.

Many property managers use Buildium. There are others out there too.