All Forum Posts by: Angela Tanudjaja

Disclaimer: I work with this startup company

Hi Mike,

I'd like you to try out Structure. It's a web-based property management app that helps you manage your properties, tenants, rent, expenses.

You can analyze reports for your monthly/annual income, expenses, rents, vacancies. There are charts that can help you analyze your performance trends in the long-term.

We're in a beta phase so the app is currently free for users to try out. This is so we can smoothen the app before we are ready to charge money for it.

You can try out the demo account if you don't feel like committing your data to it first:

Username: [email protected]

Password: demo

Here are some screenshots:

Great, Dawn. Simply go to Structure.pm and click sign-up. I'm working on releasing a series of tutorial videos next week that should make the learning process even easier. For the meantime, feel free to message me for any questions.

Can I recommend you all to try Structure.pm? I work with the company and we're still young so we let users have it for completely free right now.

Hello everyone,

For those who rent out their apartments, do you charge a late fee based on rent percentage or a flat fee?

If so, do you set a daily rate?

I'm asking because I'm working with a property management software, and we're trying to find out what is the most popular way of setting late fee.

Thanks.

Angela

It sounds like to me that you're better off buying and renting, since your husband works full time. Flipping a house demands a lot of attention in one setting, while renting out a house gives you a time interval that's more reasonable to both of your lifestyle.

Have you read Rich Dad Poor Dad yet? That was my first book that got me interested in real estate. I think it's full of good advice, but won't be applicable if you're not willing to take risks. I've learned that it's safe to take risk as long as you have three things: shelter, transportation, and relationships. The rest is free for you to play with.

Hi Jennifer, welcome to the world of real estate!

Could you share what you've learned so far in terms of comparing the choices of flipping and doing rentals? Flipping is faster, but more expensive. Renting is slower, but can be a more realistic choice depending on your financial situation and lifestyle. Knowing the extent of your information can help us help you decide which is the best choice for you.

Angela

Most maintenance companies will probably give you a quote if you call them and email them pictures of what needs to be repaired. Otherwise I think the other option would be to find a savvy friend.

Aaron Yates:

I'm just doing research. From what I've gathered a lot of property managers do this to discourage frequent transferring among tenants, because the cost of cleaning up after them, and then preparing the other apartment for move-in can cost owners thousands of dollars.

Personally, I think we need to do whatever it takes to satisfy customer demands. So the question is, how do you satisfy tenants who want to transfer and manage the costs involved in transferring them?

Most of the time they found a better location and prefer to live there instead.

Your point makes sense. I think it's important to adapt the rules in order to keep tenants, especially good ones.

Ned Carey, so you wouldn't charge the tenant a transfer fee? I'm confused.

I think the fee was charged because if tenants could transfer every time their lease ends, it would increase the costs for the owner, which can be thousands of dollars to clean-up the apartments.