Ask all the possible questions to your property manager ( most important team member) because you will only be dealing with them once the property is purchased: questions that can be asked :1) Who's doing what (org chart) (  how many portfolio managers, contractors, bookkeeping ) get to know the team. 2) How long have they been in the market? 

Several reasons:  no transfer tax, no possible trigger of 'due on sale' (I understand you are f/c, but for general knowledge), transparent to IRS--less bookkeeping, and with proper insurance, trustee and beneficiary designations, you are basically invisible and untouchable.Put your investment property in a different trust, LLC or corp. 

Doesn't include tenant screening but has a much better bookkeeping experience overall and a great mobile app.

Next to insurance and proper business structure make sure you have an awesome CPA that you trust and will walk you through every filing and proper bookkeeping. 

(Turned out to be a book keeping error) In hindsight I was EXACTLY what I needed.

Also increased bookkeeping costs, more court time for evictions, etc.There are some PM companies that take a cheap rate in bad areas just to get business.

I can answer all of your questions. 1) Buildium is a great platform for managing your rentals and book keeping.

Hi guys, We often hear in the podcasts folks with large portfolios using property management software to offload on bookkeeping and admin tasks.

Taylor, Just as a followup to help you get through the thought process, most investors either do their own accounting, have a property manager who does the daily accounting, or hires a bookkeeper to keep their records.

Also, make sure you have a plan for bookkeeping and all the business functions that will be important when it comes to calculating ROI and paying taxes.