All Forum Posts by: Michael D Kaminski

Greetings! I am a beginner note investor. To jump in, I bought a portfolio of 10 notes. There are two different servicers involved. In a few months, I want to get into buying NPN/NPLs, such as those in bankruptcy. I will not be starting a fun. But I could sell partials in the future.

Is there software that people use to manage their portfolios?  I have looked at NoteRules.com.  I heard podcasts where people uses customized versions of Podio or SalesForce?  I am a bit surprised that there are not more options?  Does anyone have any recommendation?  

Also, bookkeeping needs to be set up.  Are there any recommendations that people have on how too get organized?  I will use a lower-cost QBO alternative, like Xero.  But is there a Chart of Accounts that anyone could share?  Or is there a bookkeeping agency that has a note investing specialty?  

Thank you!  Mike

Gregory:  Thanks!  I love your script.  I will do so.  I do have a meeting already set.  Mike 

 Thank you for the response!

Sorry.  I was just using that as a hypothetical.  

Thank you!  Good points!  

Greetings!  (First post on a BP Forum!)

I have a portfolio of properties (more than 20 units) that are being handled by a single property manager. I get the owner's statement every month (from Buildium) that shows rents, vacancies, property management fees, maintenance expenses, etc. We are also in a period of stabilizing the properties so we also have significant CapEx, most of the construction being handling by the property manager's in-house crew.

I am getting the feeling that my property manager is taking advantage of me by charging too much for maintenance fees and CapEx. Only for example, should replacing a toilet cost cost $400 instead of $200? Is there a way to analyze the owner's statement so that I can challenge the property manager, aside from gaining all the experience with "reasonable" costs myself so that I could analyze on my own? I guess my question is whether there are services that would do this type of analysis? (On a non-BP podcast, I hear the speaker suggest using a VA to do this same analysis.) I still have a day job so chasing down different quotes is difficult, but maybe I need to find someone to do that? Is that the only way?

Any advice would be appreciated.  Thanks.