All Forum Posts by: Benjamin F.

 Jeff, I have built my entire business around the Sect 8 business.  Yes, this is very possible.  I don't see it a lot, maybe 2-3 of my tenants have zero tenant portion out of 45, but it does happen.  That can also change year to year or even mid lease term as the tenants income changes.  Makes accounting pretty interesting but just have to stay on top of it.  Good luck.

Hello Forum-

I am an owner/investor in the Broward and Dade County area of South Florida.  I have purchased, renovated and manage over 38 of my own properties in South Florida over the last 7 years.

I am now offering my management experience to owners of 1 unit up to 20 units of residential property.  My experience is in the single family through 4-plex.

I bring an owner's mentality to property management.  I answer my phone day and night and I have a solid group of responsible, cost-effective repair vendors with whom I work.

I am willing to work with novice investors as well as seasoned owners who wish to delegate this area of property ownership to someone they can trust.

If interested please contact me here.

Best regards,

Ben

My suggestion would be to seriously consider a property management system.  I personally use Propertyware and it has changed my life since I implemented it.  We screened Propertyware, Appfolio and one other vendor and chose PW and have never looked back.  I manage 48 doors as an owner.  I used to handle everything through MS excel and it was a nightmare.  It is cloud-based so I can access from anyware, as can anyone on my team.

I am not sure if cost is much of an issue, but I pay about $117 per month for up to 50 units so I am just under the threshold.

When I was considering making the move, I spoke to other landlords who suggested I implement PW then see if it handles my accounting needs.  PW said (and I understand a vendor during the sales process can be biased) they have very few landlords who run Quicken or Quickbooks in parallel.  They suggested I run PW and see it it meets all my accounting and tax prep needs which it does.

I thought I would add this to the discussion even though I acknowledge original question was Quicken or Quickbooks.

Good Luck.