A lot of mistakes can be made if you do not talk to the right people and use preventive maintenance to avoid problems.Multifamily rentals are a great way to use the more doors more cash flow method.

@Conte Cuttino, I am having trouble following you numbers, but if you are making $664/mo in truly free cash flow after all vacancy, capex, maintenance, etc reserves are met, compared to your $107k profit after all commissions and taxes are paid, you are really only making 7.45% on your money.  

., mortgage payments, repairs,maintenance)I'd appreciate any insights you have on reliable and user-friendly tools that meet these needs.

I'd tell them they do not get access to our maintenance staff or contractors as we've had clients in the past try to steal them.

Keep your rents affordable and maintenance requests answered promptly.  

I highly suggest you have an account for maintenance as well. 

>>Who gets billed for maintenance work, tenant or property owner?

Not making these repairs is not an option, you can't just not fix things or you lose tenants and suffer vacancy loss, potentially have legal problems, and just end up with more differed maintenance/ bigger issues over time if you don't stay on top of repairs. 

These funds can be used to budget for routine maintenance, debt reduction or property renovations.

It means doing local maintenance in case a cord is damaged, but simplifies things for the tenants with reserved parking spots.