We use accounting software that codes the income and expenses to the property (called a class) so we can run P&L;s on each property with ease.Your accountant and bookkeeper will also thank you later for keeping it simple and avoid significant accounting costs. 

@Melinda BarrettWelcome to the community and be ready for a huge amount of information at your finger tips.

Everyone's tips have been so helpful thus far.

things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan. 

What kind of software do you use if you don't like to drive for dollars  ?

Welcome to the community and be ready for a huge amount of information at your finger tips.

My understanding of the current text messaging compliance is that it's OK to send unsolicited texts as long as you don't use some kind of software/automated technology.

Based on my experience, you either pay some more but get a high-quality service, or you have really raw but cheap software.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Our guidebook is a page embedded within our website, and having the flexibility to make updates quickly has been clutch.Lastly, and most importantly, these tips won’t make a lot of impact if you don’t have a good product to offer.