All Forum Posts by: Luke Naylor

@Cathie Kovacs Thank you.

@Daniel Hyman That is kind of what I noticed.  Was hoping someone might recommend a scaled down version of something similar.

Looks like QuickBooks it is!  I appreciate the responses.  

@Travis Henry Most recently, we worked with F&M Bank on a line of credit, which is a local bank based out of Clarksville.  They were great and I enjoy banking there now.  We used the line and some cash from a flip to pay for the duplexes, which we will refi here soon.  Kristin Fleming was the lender there, but she has since moved to Macon Bank and Trust, another local bank.  I will most likely use here for the refinance as well.  I can message you her info if you decide to go that route.

I just closed on two duplexes in Clarksville about two weeks ago.  We close on a single family bankruptcy next week.  I have a couple properties around Nashville and Murfreesboro, but am getting priced out of that market.  We went to Clarksville for all those reasons you listed.  Portland is cheap as well, but a lot more rural.  Good luck!

Looking for suggestions for a good accounting/bookkeeping software for rental properties.  I currently own and self-manage 9 units.  I've heard many folks use quickbooks, but it isn't particularly tailored for investment properties.  I have been using my own excel spreadsheets for the last 4 years.  However, after jumping from 4 units to 9 this year, and throwing in a flip as well, I'm hoping to find something simpler and easier than 9 different spreadsheets.  Any recommendations or tips are appreciated.

We have a commercial policy through Eerie Insurance that covers all our rentals. It is cheaper and very "hands-off". Only hiccup you might run into is it has to be paid together, so it isn't done through escrow if you have mortgages on the rentals. Some banks give you grief removing the insurance from escrow, but it was worth it.

Jason Kleve is an agent with Reliant Realty. He has been rehabbing rentals and doing flips for many years. I have used him several times. Very knowledgeable. I messaged you his number.

Hey guys.  I'm in Murfreesboro.  I have duplexes in Murfreesboro, Hermitage, and as of two days ago, Gallatin.  I've been following this site for a couple years.  Took you two local guys to get me posting on here.  Best of wishes.  Maybe we can meet up and discuss sometime after the holidays.