All Forum Posts by: Josh Weber

We use OwnerRez for property management software, RemoteLock to manage our Schlage Encode WIFI locks, and Honeywell Wi thermostats. Would also recommend Touchstay to set up a digital guidebook for the guests. We also use Stessa for bookkeeping 

I agree. We self-manage 3 properties (2 TN cabins and a FL condo). You will need to have a good cleaner, handyman, HVAC company, and pest control company. These forums are a very good resource for finding reliable and trustworthy workers.

You will need a cost segregation study done by an expert, who will break out all of the components of the building into different buckets of useful life. Those with a 20-yr or less can be included for bonus depreciation (60% for 2024, unless Tax Relief Act of 2024 gets passed, fingers crossed!!). Definitely recommend getting guidance from a real estate CPA and a cost segregation expert, to see if what you can save is worth the cost and effort of doing this for this property price range.