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Updated about 4 years ago on . Most recent reply
![Dan Miklosz's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1223521/1718022932-avatar-danm291.jpg?twic=v1/output=image/crop=1512x1512@741x1033/cover=128x128&v=2)
Closing on my first property, now what?
Hey every, just am closing on my first investment property in Milwaukee! Very excited to be in the long distance real estate gang, but am curious if people have any pointers after I close.
Software suggestions?
What should I not forget to do tax-wise?
Basically I'm looking for any tips in building the foundation of my portfolio that I can scale!
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![Adam Gollatz's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/517613/1621480766-avatar-adamg52.jpg?twic=v1/output=image/crop=464x464@0x21/cover=128x128&v=2)
I assume its a buy and hold rental? Are you self managing or do you have a PM? You want to find out what tasks you are even remotely good at and which ones you arent and then get the ones you arent good at off your plate ASAP. Software is typically expensive and can only really be supported at scale. I think cozy is good for rent collection (and free) and then start organizing a google drive to store your documents (leases, check in/out sheets, misc PM documents, closing statements, receipts, w9's, insurance docs, entity information, etc).