All Forum Posts by: Nathan Murith

Hi All - I recently took over co-managing a portfolio of around 30 commercial property units which are a mix of retail and office. We are searching for a software that can enable us to easily collect rent payments online but have run into problems with each one we have tried. The problems we have run into are the software is not commercial property friendly, we have too small of a portfolio, software is too complicated to use for tenants, and software is plus $300 a month. We have tried RentRedi, TenantCloud, and Yardi Breeze. Currently, we have tenants paying via hand delivered check and Zelle which has had a lot of fraud recently.

Does anyone have any recommendations for us based on our portfolio size? We just want to collect payments online securely and do not need any other features.

Thank you,

Logan B.

Logan, there are a bunch of great replies in this thread. A lot of those names are the big ones that most people use.
This site: https://everyreitool.com/ has a bunch of helpful resources from rent collection tools to property management tools.

0 Votes

Washington, DC

Quote from @Adam J santamaria:

Hey all, my name is Adam. I live in the Boston area. I own two investment properties. I recently moved out of my two family and I'm in the process of renting the unit I used to live in. I'm looking for a recommendation of a good payment app to collect the rent to relieve the hassle of collecting checks. I plan on managing this property myself for now. I have a property manager for my other property due to the fact its about an hour from where I live. That being said, they have their own payment system so I dont have to worry about it. Something a little more professional than Venmo and less limited than Zelle would be great. I'm open to opinions!

There are many great options listed in the replied in this thread. Most of those are captured, but this site: https://everyreitool.com/categ... has many resources and other potential solutions that may help you.

0 Votes

Hey @Kefah Al-Ramahi,

Unfortunately, I cannot help with the boots on the ground as I do not know that market.

WRT self-managing, one of my favorites is Hemlane. It’s almost like a cost-effective in between between self-management and property management.

This site also has a lot of resources https://everyreitool.com/categ... for self-management.

Hope this helps!

0 Votes

Quote from @Nicholas Spinazze:

Any other software engineers become Real Estate Investors? Would love to hear about ways you've leveraged your skills for automations, integrations etc.

Yup. I am one of them. Happy to chat as I have done some on the automation front to simplify my life.

0 Votes

Fayetteville, Arkansas

Quote from @Forrest T Schue:

Hello everybody,

What methods do you recommend for tracking and documenting businesses receipts?
shoebox? A software?

We use Stessa for bookkeeping and for the rare receipts, we use Expensify.
This is a helpful resource with a lot of options: https://everyreitool.com/categ...

1 Vote

@Janine Sharma, @Amit Chawla, I do not know much about MHPs, but this site has a bunch of options, tools and resources for property management and MHP: https://everyreitool.com/categ...

1 Vote

Boise, Idaho

Quote from @Zachary Vanison:

Hey bigger pockets community I watched a lot of videos on what software to use to find deals and there’s so many different answers that contradicts itself I’m confuse guys😅 but I wanna ask you guys what’s good for finding deals? I appreciate you guys taking your time and giving me your advice.

+1 on what Michael said above, it really all depends on what you are trying to find, where, your investment strategy, etc.

We find deals on the MLS. Some from our network. Some from Facebook and Craigslist. There are plenty of other solutions depending on what you are looking for, a lot are listed on this site: https://everyreitool.com/categ...

happy to help more if you want to chat.

1 Vote

Dallas, Texas

Quote from @Preston Gagg:

Does anyone know of a course that covers this. I've found some podcasts and videos about it but I want a soup-to-nuts course to give me more info fast. Thanks for any replies.

I am not a syndicator but I really like what Jonathan Twombly does and his Facebook Apartment Investor Club. I think he might have a course as well.

I know this site https://everyreitool.com/categ... has a ton of syndication resources. Mostly software and apps for syndicators but also books, courses, podcasts and YouTube.

1 Vote

@Priyo Lahiri, we also do LTR so can't speak as much to STRs.But I know this site has a bunch of resources for STR hosts: https://everyreitool.com/categ... they list tools for automating pretty much every part of your STR business.

1 Vote

Quote from @West Kite:

Hello,

Is anyone using Zillow rental manager to manage their own property? It seems easy to use for both landlord and tenant.

or What other property management apps recommend for managing your own property?

Appreciate sharing your experiences and input.

Thank you,

I know rentredi has a great reputation. We have property management in place so cannot comment more. That said, I know this site https://everyreitool.com/categ... has a lot of options for property management and self-management software.

0 Votes

Orlando, Florida

All Forum Posts by: Nathan Murith

Nathan Murith has started 1 posts and replied 362 times.

Post: Commercial Property Electronic Rent Collection

Post: Good apps for collecting rent

Post: Boots on ground needed

Post: Software Engineer Real Estate Investors

Post: Receipt Tracking and Bookkeeping

Post: Property Management Software for small MHP

Post: What is software is good for Deal finding

Post: Course or Info on being a passive investor in syndication deals

Post: First time getting into STR

Post: using a Zillow rental manager