Paying multiple mortgages

[Travis Feldewerd]

Hello everyone! I am 27 and am starting out my REI life. I am new to REI and I am trying to get all the questions answered that I can think of! I haven't had much luck searching Bigger Pockets for this specific question. How are fellow investors paying multiples mortgages on multiple properties; especially if they are financed through different institutions? If for example you have 5 properties, are you setting up auto payments on each loan every month and then dispersing rent checks to each bank as they come in? Any help would be appreciated!

[Jade S.]

Hi Travis,

     I pay on multiple notes on a monthly basis, and I have the websites saved on my internet browser.  Some people may do autopay, but it only takes me 10 min to run through and pay the individual notes the day that the rent payments hit my account.  I also do other bills at the same time, such as landscaper, utilities on my duplex, etc.  Once you get the flow down, it goes fast.