Best Management Software Recs

Denver, Colorado
Real Estate Technology
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Best Management Software Recs

Kate Struzenberg
Member since 2023 · 9 posts · 1 vote

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 · Member since 2021 · 1k+ posts · 1k+ votes
    2y

    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 · Member since 2013 · 3k+ posts · 4k+ votes
    2y
    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
    OP
    Member since 2023 · 9 posts · 1 vote
    2y

    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

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