I am making a private loan to a fellow investor. I will need to calculate the interest due and then send an invoice monthly with the amount due. This would be relatively simple to do with an excel sheet. I wanted to s...

I just know there are meetings in the big (and small ) hotel and casino chains on how to profit and stop the little guy who has become a nuisance.  

If you provide a bookkeeping or record keeping of things for the owner, you should use a property management software.

@Ismael PenaOf course if you use a property management software, it can do all of the things below but if you are looking for different solutions, things could be more helpful than the others or combinations of the softwares below.Document storage : Google drive, Dropbox, BoxRent payment : Cozy, Zelle, Rentpaymen.com, ClickpayAccounting : Quickbooks, Freshbooks, Xero Some property management softwares have much more features than necessary.

It’s your management software, 100%.

I recently used our software to identify every multi-family property in my market and then reached out to every owner for a 1031 exchange.

To come on here and ask is just like going to the casino and letting all ride on black or red.

With any chump change left over I’d go to a casino and do some sports betting or poker or table games but those fun investments aren’t really investments now are they. :)Or I’d go To the beach for two weeks and stay at a nice hotel.

Do you use excel, or is there a specific software program specifically for rental property?

It will pay for things like subscriptions, software, administrative, travel, etc.