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3 August 2024 | 4 replies
What if they have collections or judgments?
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3 August 2024 | 10 replies
Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system: ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?
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2 August 2024 | 4 replies
I know Keith personally I would be surprised if he had a collection situation that was not perfected.
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1 August 2024 | 10 replies
I also have experience with retail, both my wife and I started and used to run a clothing shop while we both were busy (me with my company and she with a corporate job), for around 5 years before we decided to sell it.
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1 August 2024 | 4 replies
Most travelers bring a surprising amount of clothing and personal belongings that they need space for so think about adding another storage closet if you can.
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9 August 2024 | 184 replies
Although I can see collection issues.
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3 August 2024 | 5 replies
@Alex Ng S8 cures the rent collection problem of dealing with Class C & D tenants, but not ALL problems.Many S8 tenants still have to pay a portion of their rent + utilities - yet don't.Damages: most people now know how to use Zoom.
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2 August 2024 | 6 replies
At the end of the day, everyones ultimate goal is to become the bank and simply lend out a pile of money and collect a return rather than having to do the grunt work of making these assets perform.
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6 August 2024 | 29 replies
They could collect a commission themselves, but they know Im better at what I do than they are.
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1 August 2024 | 8 replies
He collects social security and has a part time job.