You can decide to utilize those funds to pay it off once you have that much or buy more property with it, especially if we get a recession where cash is king.

Utilize Excel spreadsheets and attend local networking events for valuable insights.

My 401k is not the only funds I have, rather I want to utilize that money to invest while I am young.

They do help with reviewing our reports from our property management companies to identify spikes in utility usage on vacant properties, reviewing expenses to make sure they were approved, vacancies, etc.

Personally I’d go to Lowe’s and buy a set of machines that only has dials for controls, no electric, digital panel.

You can even create a balance sheet if you want to get crazy.I definitely recommend scanning all of your documents associated with the rental using a free app like Genius Scan and get those into some sort of digital document management platform such as Google Drive, Dropbox, etc.

Would you see yourself using a tool like this, or is it just another shiny object that’ll collect digital dust?

The best one is the one that utilizes your strengths to maximize returns.

Depreciation is valuable to investors with taxable income, but in a Roth IRA, any income or gains are already shielded from taxes, so the benefit of depreciation deductions isn’t needed.As for shifting depreciation to another partner in a syndication, the IRS generally does not allow the reallocation of depreciation solely based on which partner can better utilize it.

I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!