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Updated over 1 year ago on . Most recent reply

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Zachary Reiff
6
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15
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I need Software suggestions please!!

Zachary Reiff
Posted

Hello everyone, I am closing on my first building and duplex first quarter next year. I am a healthcare professional and run multiple successful private practices. I plan to run my real estate holdings in a similar business fashion to my healthcare practices. I am looking for cloud software to help me manage. I have a good stack of paper copies for every event needed but would like the streamline processes. My healthcare practices, accounting software, and even server is all cloud based so why not rentals? I do not need the accounting aspect as I have a bookkeeper and CPA (we use quickbooks online). I am looking at RentRedi as it comes with my membership here. The acquisition will include 6 residential units and a commercial space. The plan will be to acquire turn key multi-unit properties each year and hold. Cost of the software is less important than functionality. I am looking for the best. Thank you very much for your help!  

  • Zachary Reiff
  • Most Popular Reply

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    Andrew Freed
    • Investor
    • Worcester, MA
    1,392
    Votes |
    1,274
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    Andrew Freed
    • Investor
    • Worcester, MA
    Replied

    @Zachary Reiff - Buildium and Appfolio are common softwares that I see large management company uses for property management. Personally, I utilize apartments.com for rent collection, screening and it does the job for me. I use Quickbooks for my bookkeeping and google drive for document storage and SOPs. 

    Also, another software you might consider is a project management software like Monday.com or Smartsheets. Once you start owning a ton of real estate, keeping track of tasks like reviewing rent collection, underwriting deals, unit renovations, service tickets, etc can become challenging. I am in the process of incorporating a project management software into my multifamily business. 

    If you have any other questions, always feel free to shoot me a DM.

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