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Hi - I am wondering what everyone uses to manage:
Rents, schedule maintainence, pay bills, report P&Ls monthly. Communication with tenants.
How much does it cost?
Can you have one account with multiple checking accounts to keep it seperate for LLCs?
Thanks
Kate
In for this - I've been wondering the same myself - I see RentRedi, Stessa, Avail etc
I just don't have experience using any of them but am considering to going to self-management in the coming year or so
Quote from @Kate Struzenberg:
Hi - I am wondering what everyone uses to manage:
Rents, schedule maintainence, pay bills, report P&Ls monthly. Communication with tenants.
How much does it cost?
Can you have one account with multiple checking accounts to keep it seperate for LLCs?
Thanks
Kate
I use buildium. One bank account for all properties. Buildium will keep track of income/expense for each property so no need to have separate bank accounts (which, IMO, doesn't scale. What happens if you own/manage 50 properties? 100? 500? Do you send maintenance to home depot with 50 different cards?, etc)
My thoughts anyway
True on multiple properties for seperate checking accounts but how do you show a seperation for co-mingling on LLCs? Is there a certain way of setting it up?
Thanks,
Kate