All Forum Posts by: Peyton Culberson

@Diego A.Great to know, especially about the repairs and rental requests.Thank you!

@Griffin Malcolm Great to know! I have heard quite a bit about baselane and have wondered if it has been worth it. Thanks for the input

@Nathan Gesner This is great info! Thank you! I will go get something from Etsy for the time being and do some more research as I go, on different softwares.

@Preston Dean Awesome! Thank you so much. I will look into it. I do have the documents in my email, but that is it. 

Hi all! I hope you are doing well. 

I am a young and inexperienced landlord looking to see what other landlords are doing for managing their portfolio. I recently househacked my way into my second property, and my first property is now a full time rental on a rent by the room basis. 

Currently, my setup is a separate bank account with it's own debit card to hold deposits, track expenses, and track income. I do not use any software or anything like that and it has worked so far. However, I feel like there is more that I could do, to be more organized. I keep leases in a filing cabinet. 

Is there any suggestions that you have for me to keep the process more organized? Any software I should be using? I know it is only one property that I am managing, and I might be overcomplicating it by adding in software or whatever it might be, but I would appreciate any advice!

Investment Info:

Single-family residence buy & hold investment in Beacon Falls.

Purchase price: $105,000
Cash invested: $10,000
Sale price: $210,000

While in college, I had enough money saved to put 3% down on a property and make some small improvements. With the luck of the market, I benefited and realized that real estate is what I would like to do long term.