Never heard of the app but I will definitely check it out going forward when analyzing deals

Hey all,I will be closing on my first rental property soon (house hacking a triplex in Philadelphia, Pennsylvania) and am starting to think about organizing the finances of a few accounts, not only for accounting ease but to keep the rental information separate from personal banking.I understand I will need an escrow for safety deposits, and then at least need a rental checking account for incoming rent checks and outgoing mortgage payments or expense payments. 1) Should I be separating the operating costs account from the property's "reserves" (I am thinking of putting away 10% of gross monthly rental income for this, does that sound like a good number?

Does anyone have recommendations for a simple, easy to use program for tracking the incoming rent/outgoing expenses for several properties?

Your LOSS is only $3k, even though you shelled out $10k from your own personal bank account to make up for the difference between incoming rent and outgoing mortgage.Now throwing in some theoretical depreciation numbers;You paid $1m for the property.

don't disclose right away that you're a private lender; you'll quickly become the most popular person in the room lol. feel everyone out, go to a few, see who's there often, learn about what they have going on, etc.hope this helps!

As we got further along in the week, it became so obvious to me that our environment is directly related to our behavior.Let me explain: known kids who were exceptionally shy and reserved became very outgoing and open at camp.

I'm doing research for a landlord in Philadelphia whose outgoing tenant referred a friend.

Kristina, i got enough cash flow from killeen but the appreciation for the old apt complexes i own -wont be as good as single families in austin and san antonioMy goal now is to buy at least 40 single families in that areas in the next ten years as long the market will still gonna go upwards like its going nowIn regards to killeen- any area to invest is good accept downtown because of the crime (unless you got good understanding of how to deal with it)I recommend to start with small multi family and only if you figured that out - go to bigger properties

Then when my downpayment money runs out, go back to receiving normal paychecks and have like 60k in Roth accounts that I can transfer to my personal Roth when/if I separate service, and I can buy any stocks, dividends, trade options, and never get taxed (unless the government changes things).I am still trying to run some numbers, and it's a tough idea to wrap my head around, so I thought I would ask y'all. 

If outgoing Tenants fail to pay their utility bills while in their name, the utility company requires a simple letter of intent from us on our letterhead, detailing the move out date, names, and brief circumstances surrounding the vacancy.