All Forum Posts by: Nicole He

@Brenda Ast I'm with you here, been using Excel spreadsheets since 2017 and no software has had everything I wanted, which never felt like much. Tried QuickBooks and didn't like the Customer/Vendor aspect for properties and tenants. I use Buildium for tracking rent, fees, leases, and collecting online payments, but I don't use their reports for much, as I end up copying my online banking each year into spreadsheets.

I've been using Rental Hero for the last hour and already impressed with it. I'm currently adding all of my numbers for a 20-unit apartment building in for a test, and then I'll bring my other 90+ units. It's not just the taxes, but being able to at-a-glance look at expenses by the month and year, profit and loss calculating automatically, and even cash flow by property and total portfolio by month and year.

Thanks for suggesting it! For late 2024, it seems to be just what I needed. FYI, it has a free 30-day trial that has all features and doesn't require a payment or card to start using.

https://www.rentalhero.io/

 Nicole - I would be glad to chat. 

Danny,

The best way, if possible, is from a referral from a business partner, friendly competitor, etc.

other sources:

1. your trade association

2. Insurance Industry state Associations (Professional Insurance Agents or Independent Insurance Agents) 

3. Your trusted professionals (Attorney, CPA, Commercial Realtor, Financial rep., Banker, ...)

@Nicole He you will want to work with an independent insurance agent/broker.  The ideal agent will have access to many insurance carriers and appointed with those companies in the states you own property.  The more options they have access too, the better your results.

The "Best" insurance carrier for your properties will be determined by the Building characteristics and the types of tenants you have.  Example - You can have a new building, but if you have a restaurant and vape shop as tenants, most companies will not want to provide a quote.