I love when people tell me "It's not rocket science", I beg to differ.

In addition, the absolute hottest trend in housing is modern houses.

Soon, I plan to be taking on my first commercial property to manage (tenant placement, rent collection, repairs, turnovers, etc).Since the person I am taking over for (the building's original owner, now 69 yrs-old) is a little antiquated and has no real systems in place, I'm wondering: what are some quick wins that would update and modernize how the property gets managed?

Even more often the landlord is in a better position to modernize the building as the departing tenant is forced to pay the landlord for the damaged building and tenant improvements that would have had to been replaced anyways.Also, they are the people printing the money after all.

Just toured a place yesterday that has potential to be a good investment for my first rental property:$119,900 list price3bd/1baWould rent for $1400Cash flow $450CoC Return: 14.5%Its all been updated, looks pretty modern, would be ready to rent with little work.  

I am a recent graduate of California State University of Fullerton where I obtained a B.S. degree in Political Science and American Studies.

First off, I have a BS in Computer Science from NC State and 30 yrs experience working at the same university and the last 15 yrs has been working with ERP systems and Identity Mgmt systems. 

On first look, the plumbing looked modern and good (no idea on sewer). 

This business is not an exact science so those who are the most successful at it usually are the ones who are trying the most.  

I hold a masters of science in accounting, and i have experience in the health care industry & Banking.