All Forum Posts by: Daniel Reyes

@Kelly Cruz Hi Kelly, Thank you for posting! Quickbooks is an excellent platform for producing property financials, but unfortunately it doesn’t have the capability to provide what you are looking for. What you are requesting is reserved in the more “elite” property management software tools, for example, Yardi Investment Management. Specifically, the equity positions, ownership percentages, etc. would be part of what is referred to as waterfall distribution/calculations in structured finance. This is entirely more complex than what can be done with Quickbooks. But good news! This can be prepared in an Excel spreadsheet and maintained/updated on an ongoing basis. Please let me know if this helps or if you have any more questions. I’d be happy to connect! All the best, Daniel Reyes

@Will Hendricks Hi Will, Thank you for posting! There are a variety of non-bank lenders across the US. The benefit to partnering with one of these is the have a greater credit risk tolerance (lower credit, no problem). Please feel free to message me directly, and I can provide you with a few resources. All the best! Daniel Reyes

@Jacob Chapman Hi Jacob, Thank you for posting, and congratulations on your growing portfolio! I agree, a talented property manager will absolutely have a significant impact on your property’s profitability. You’re right, larger property managers use Yardi Voyager, OneSite, or MRI, and the cost is high if you don’t manage a large portfolio. Indeed, Yardi may hesitate to start a serious conversation until you reach north of 8-9,000 units. They do however offer Yardi Genesys; this can be licensed on a monthly, per unit basis, so this may be an option at a much lower price point. Surprisingly enough, Quickbooks is actually a suitable program to begin preparing property financials (not kidding). It’s critical you set up each property individually, as well as a functional chart of accounts. This will help you not only organize revenue and expenses, but also formulate KPIs and benchmarks. As far as market data, RealPage and Yardi have great resources as you know. There are also a lot of fantastic resources online to help keep your finger on the market pulse, if you will. A great company like this would be Green Street Advisors, for example. NMHC also publishes industry data, almost everyday it seems. For a more precise perspective without these programs (or in addition to), I would encourage you to start establishing professional relationships with local brokers, mortgage lenders, and other support pros (legal and accounting). I’m curious to know about your chosen niche and experience. Please feel at liberty to contact me directly any time. Take care, Jacob! Best, Daniel Reyes

Hey everyone,

A lot of us may know, there’s a fairly significant difference between “property management” and “asset management” in the real estate world. As a point of discussion - I’m curious to see your thoughts and experiences with the two. And what do you think about prop mgmt and asset mgmt in general? Thank you!