All Forum Posts by: Jason Sampson

Hi All! I am looking for a software program, but I don't have any interest in using Quickbooks. I almost don't want a cloud based system. I have been using a ridiculously elaborate Excel spreadsheet for years, but feel a light version of a program might be better. I own a PM company and a considerable amount of rentals (some I manage & some I don't & some out of state), land, vacation rentals, etc. All income received is roughly the same as every Landlord who receives monthly disbursements from a PM company. I have been looking for a program to keep track of financials for each property, individual unit, but not having much luck outside of full blown PM software which I wouldn't be utilizing most of the features. I'm not interested in keeping track of Tenant names, leases terms, SD's, etc; just financials. Money coming in/out for each property and allocated to its proper tax expense by property/unit. Almost a dumbed down PM software. I've looked all over the internet and haven't really seen anything. I know I can't be the only Landlord that needs to keep track of income/expenses in varying degrees like this. Anyone have any suggestions? Thanks, Jason

I want to chime in (sorry, not trying to jack your thread) because I am looking for a software program myself, but I don't have any interest in using Quickbooks. I almost don't want a cloud based system. I have been using a ridiculously elaborate Excel spreadsheet for years, but feel a light version of a program might be better. I own a PM company and a considerable amount of rentals (some I manage & some I don't & some out of state), land, vacation rentals, etc. I have been looking for a program to keep track of financials for each property. I'm not interested in keeping track of Tenant names, leases, etc; just financials. Money coming in/out for each property and individual unit per month/quarter/year. Almost a dumbed down PM software. I've looked all over the internet and haven't really seen anything. Anyone have any suggestions?

No worries. I got it taken care of!

@Pete T. I don't know of anyone locally that are doing the shipping container thing. I'm not sure of the rules nor how any of the cities would respond to it either. A good friend of mine is an architect and did his final by building projects out of old shipping containers. I'll reach out to him and get his thoughts! BTW, I finally got the contract back for Amelia. Sending it over to Bre now.

Hi Gary,

Check out trigofva.com or Preia for local groups. I'm always out and about and don't mind connecting whenever possible.

Judges have been fairly easy to deal with for me as well. Once you know how to do everything, it's seems pretty smooth. Plus, after seeing my face enough, they know I know what I'm doing...getting my money from the tenants, after the fact, seems to be the issue. I use to not have as many evictions, but I guess as I buy more my percentage goes up regardless how well I screen them. Mostly due to loss of job or change in income situations and not anything I nor they could have foreseen.

Anna,

I'm not sure what "3/2/2's that meet the 1-2% rule in B neighborhoods" means so I can't reply to that. Our property taxes in the area are roughly 0.01% of assessment which for most cities(except Portsmouth; ugggh, I loath Portsmouth) is lower than ARV or Sales price.

or selling it out right? I may have a buyer that would be interested in it. Give me a call when you can

Awesome! Are you planning on building or wholesaling it?

The market is good. Our Landlord laws could be better, but I've seen worse so I won't complain. Prices have been creeping up and the great deals found over the last 5 years have almost dissipated. I'm mostly in the Hampton Roads area of Virginia, but have some in Colorado. I prefer just Virginia Beach, Norfolk, and Chesapeake because I'm lazy and hate to drive through tunnels (time is money and I don't make any sitting in traffic on a bridge). I would consider the Outer Banks area, but only for an inexpensive rental property/vacation home.