Property Llama has a software that looks at how your current portfolio is preforming.  

@Sean Relyea switch to a professional property management software system, Buildium, AppFolio, etc.

However, the people who use rules of thumb don't have sophisticated software that can analyze deeply thousands of potential deals every day!

The Income Snowball is a strategy, that is now software, that just projects how long it will take you to create X amount of passive income if you invest on a certain schedule, also laid out by the software.The concepts the Income Snowball uses - from cash flow investing, to using leverage, to investing in real estate or peer-to-peer - are nothing new.

Use project management software to track progress and ensure all team members are aligned.

So most agents are only putting about half of that $12k in their pocket, and out of that $6k they have to cover all of their operating expenses: licensing fees, MLS/ Realtor Association fees, continuing education classes to stay compliant with licensing requirements, monthly "desk" fees/ technology fees to their brokerage, health insurance for themselves and their family, errors and omissions insurance (required), marketing, car, car insurance, gas, clothes, computer/ software, cell phone, closing gifts, signs, photography, staging if they offer that, etc.

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

In all my years of Property Management in one of the most tenant friendly Cities in the World, I bet there will be a lot of interested people, regardless if they are actually planning on buying in a tenant friendly City.My management style would be considered highly unusual as I approach these issues so that it becomes a win-win situation and take into account the human element of the tenant.There is potential for me to add more to that Podcast to include how the Portfolio did over the 28 years growth period (1998 to 2025) with real numbers.There will be things like making the Portfolio safer as I age by paying off the Mortgages and increasing cash flow, etc.I'm also a Cloud Software developer (Salesforce specifically) and will be employing a lot of A.I. in 2025.The RE Portfolio is cash flowing very well and I can afford to integrate experimental A.I. to test it out.Things like A.I.

Hello everyone.I've seen many investors using this website and it actually seems very useful and accurate.The issue is that their subscription is very expensive (for me) and I'd like to know if someone if familiar wit...

I work remotely as a software engineer, I currently make $105k / year.