All Forum Posts by: Matthew Wright

Thanks @John Lenhart Will you continue to use quickbooks w Appfolio or are you planing to use their finance features? I will look more into them now

Hi BP members! This is quite a debated topic, and I was hoping to get some insight from some more seasoned BP users on property management software. My requirements are: 10 properties presently, (looking to grow a lot more!) two which are Airbnbs and have constant ongoing expenses, the others fixed tenants. The properties are held in various different LLC's, with different ownership %'s.

I really like some of the Buildium features for tenant screening/ payments etc and dealing with some of the above, however one of the core requirements is super easy expense management. There are up to three users that could be uploading Amazon receipts etc, venmo payments, and ideally I would like a mobile option that can do this and also integrate with bank accounts etc with different user views/ permissions.

Does anyone have any experience doing this in Buildium and is it easy or cumbersome? Landlord studio and Stessa look like they have quite strong offerings on the expenses side, any recommendations or similar use cases to mine?

Thanks!!

Hi Lawrence, thanks for the detailed reply! Based on your experience it sounds like we would need to permit everything at once for the conversion, as even if we wanted to bring some things up to code right now (eg bathroom etcs) and do this with permits in the 3rd unit, just having an inspector come out could add risk. I was not aware on point 4 regarding collecting rents. IF for whatever reason the city deemed the 3rd unit needs to standalone, I assume we would have no choice other than to make a TIC? Thanks again!

Hi BP members, I have a building in San Francisco that is classified as a 2 unit building, in reality it is x3 apartments, the ground floor work was done prior to acquisition and not permitted. I do not want to turn into a x3 unit building due to creation of HOA etc. Medium term I would likely look to combine the middle and lower units. For the ground floor (non-permitted) we need to do some bathroom improvements which are not presently to code. I would do these to current code standards, and other smaller alterations all to code, without gaining permits. Then when it comes time to legalize, looking to get everything approved at once, with the data point that it was built to code in the past. Does anyone have experience legalizing prior no-permitted additions in SF and can advise if this is a good or terrible idea?

Thanks!!