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Kate Struzenberg
Pro Member
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Best Management Software Recs

Kate Struzenberg
Pro Member
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

  • Kate Struzenberg
  • User Stats

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    Jeremy H.
    • Rental Property Investor
    • Lafayette, LA
    909
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    Jeremy H.
    • Rental Property Investor
    • Lafayette, LA
    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.
    • Rental Property Investor
    • San Diego, Ca
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    Cody L.
    • 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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    User Stats

    9
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    Kate Struzenberg
    Pro Member
    1
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    9
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    Kate Struzenberg
    Pro Member
    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

  • Kate Struzenberg