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18 October 2024 | 6 replies
Hi everyone,Anyone have any recommendations for an accounting software that can handle multiple properties across multiple LLCsfor short term rentals?
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24 October 2024 | 7 replies
The tenant moves in next week and I will be doing a unit walkthrough and orientation with him where I will go through the key parts of the lease since he didn't sign it.A couple other things that are different from typical MTR stays:- They are not using my property management software (RentRedi) to pay rent.
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21 October 2024 | 7 replies
There have been a couple software companies in the past but they have moved more towards institutional investor focused than the small investor.
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23 October 2024 | 15 replies
If your tax situation isn’t too complicated, you could try handling it yourself using good software, but if you want peace of mind, a CPA could be worth the investment.Since your parents have experience, you might lean on their advice while you learn the ropes.
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22 October 2024 | 8 replies
For tasks like asset dispositions and depreciation, you’ll need more robust tax software, or even better, the assistance of a tax professional.I’d highly recommend you not try to handle this on your own.
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21 October 2024 | 5 replies
(Here's how we keep it all straight.)Project management software (Asana)-> Order of operations-> Responsibilities -> Deadlines-> Notes-> SOPsDaily Contractor Check-in Calls/Texts-> Roadblocks-> Resolutions-> ResultsIn Person Walkthroughs-> Our Property Manager-> My Business Partner-> Our Realtor-> MyselfHow do you drive results for your renovations?
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24 October 2024 | 19 replies
Get a good accounting software to track everything.
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24 October 2024 | 12 replies
By forming a property management company, you could deduct business expenses like office supplies, software, and possibly a home office, which you wouldn’t otherwise be able to claim.
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21 October 2024 | 14 replies
I don’t have any affiliation with them, just thought I’d share as I think it is pretty much as cheap as you can find for paid softwares with good functionality.Payments take several days to process, but tenants can automate them which is nice.
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15 October 2024 | 4 replies
Curious to get some tips from folks that have a larger portfolio (say 50+ units or larger) across multiple MF buildings (so different acquisition dates, financing, etc.) and what software you use?