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Kate Struzenberg
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Best Management Software Recs

Kate Struzenberg
Posted

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

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Jeremy Horton
  • Rental Property Investor
  • Somewhere over the Rainbow
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Jeremy Horton
  • Rental Property Investor
  • Somewhere over the Rainbow
Replied

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 

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Cody L.#1 Real Estate Success Stories Contributor
  • Rental Property Investor
  • San Diego, CA
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Cody L.#1 Real Estate Success Stories Contributor
  • Rental Property Investor
  • San Diego, CA
Replied
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

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Kate Struzenberg
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9
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Kate Struzenberg
Replied

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