All Forum Posts by: Cheryl Packham

I used Podio for many years, it is pretty good for project management although it does have some quirks and a big learning curve.  

Hi Jonah,

I got tired spreadsheets too but most accounting programs were to robust and costly for what I needed.  I would love to know more about what features specifically you are looking for in a solution.  If you care to share . 

Hi Erick,

What is the biggest challenge you are currently facing that you would like a software product to solve?  

Hi Biwash,

When you say project management, are you talking about managing rehab/remodel projects or office projects?  Also, what features are important to you for property management?  How many units do you have?  What is your budget?  

There are a number of sites to compare software.  Have you looked at Capterra or Software Advice?

Kindly,

Cheryl

Hi Kelley,

I am glad you are getting different perspectives.  It is challenging to know what the right first step is.  Having made a huge mistake with my first purchase, I get the stress you are feeling. I learned a lot since then and maybe this will help.

When I first heard of BRRRR it was buy the house with cash because no bank in their right mind would lend on it. A quick search in St Louis showed 43 properties under 30K! That makes me want to take a trip out there.

Anyways, my BRRRR strategy would be to find one of these, in an up and coming neighborhood, pay cash, renovate it while doing as much work as you are able yourself and then do a cash out refi after it is rented. Make sure you don't take more in cash out then your rent will cover with other expenses including maintenance and repairs and vacancy. I would strongly recommend doing long term rentals until you have two years experience so that lenders will count your rental income as income.

Of course the same is true for short term rentals as well, but banks generally like to look at the long term leases for lending, it makes them feel more secure. 

I hope this helps, and I am happy to chat if you like.

Are you tired of spreadsheets and looking for a simple and affordable way to keep track of important information about your property?  

Check out Rental Moo - a record-keeping app for rental property owners and become a FOUNDING MEMBER!

https://rentalmoo.com

What can Rental Moo do for you? 

Property info - Store information on your properties from the ones you are analyzing to the ones you have sold.  

Project Management - Keep track of projects you have going at your property.  

Maintenance and Repairs - Enter completed maintenance and repairs and easily add the paid information to the basic income and expense tracker.  Set a reminder for future maintenance.  

Property Usage - You don't have to scramble for the number of days of vacant, rented, or personal use anymore.  Simply log the dates in the property usage block and download the report when you need it.

Contact info - a single place you can enter tenant and applicant contact info so you don't have to search for which platform or notebook that info is in.

Features Request - More features are being planned and we hope you will help us build them. You can add feature requests and track their status of them in your profile.  You don't have to scroll through hundreds of feature requests to find the status of what you want to see added.   

You get all the current features and any future features for just $5 per month if you sign up before October 31, 2022.  

I am the owner Rental Moo.

Hi Reginald,

Congratulations on your first property and seeking knowledge.  You have probably found your solutions since this is past your closing date, but in case you are still looking:

I have used Zillow Rental Manager.  You can advertise, screen tenants, and accept rent.  It is free unless you want to promote your listing for more views.  https://www.zillow.com/rental-...

Even if you don't use all the features of Zillow, it is the best place to list rentals as they push out to several partner sites.  

If you want a more thorough tenant screening you can check into Rent Perfect.  This is ran by a private investigator.  https://www.rentperfect.com/

I am happy to chat with you and answer any questions you have.  Just shoot me a message.  

Welcome to Arizona!  Can you be more specific about the types of properties you are interested in?  Are you looking specifically at the city of Phoenix or the valley in general?  

Welcome!

Welcome Dave!  Check out https://azreia.org/

It Is a very active group of Real Estate Investors in Arizona.  I am pretty sure they have a Tucson Chapter.

Let me know if you have any questions, I am happy to help!