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.

Hi All,I'm looking for some advice on a property management software.

The software allows me to generate custom reports on my rental income, expenses, and overall performance.

Lease and Contract Audit Due Diligence.

Hi everyone,Anyone have any recommendations for an accounting software that can handle multiple properties across multiple LLCsfor short term rentals?

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.

There have been a couple software companies in the past but they have moved more towards institutional investor focused than the small investor.

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.

(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?

Just make sure that he won't be viewed as an employee in case L&I does an audit, ie one relationship and all spending under your umbrella might be viewed different.