Quote from @Xavien Rafael: Year 1: Building the FoundationThis year is all about setting up your structure, building your business credit, and laying the groundwork for funding and scaling.1.Open Your LLC:•File your first LLC and elect to file as an S-Corp (if applicable to your tax situation).

Quote from @Ryan Ludwick: Hey, I just joined the platform and wanted to introduce myself and say hi.I'm a software engineer, currently based out of Portland, OR.

The first thing we needed was a quick way to streamline applications/onboarding new tenants.

Can you imagine taking a couple days off work, looking for a new place, paying for new applications, putting down deposits, renting a moving truck, finding friends to help you move, paying to clean your old place, and so on to “Save” $300/yr? 

@Kyle Carter we manage around 700 doors, with 92 of them being S8.When S8 applicants are properly screened, they can statistically perform a decent amount better than cash-tenants.

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.

I used the standard Massachusetts Lease Rental application and it didn’t have any language regarding such. 

Here are some things to consider:Most investors don't need software until they have 5-10 rentals.

Yes, you should be fine to place a tenant as long as you’ve already submitted your application for the lead certification and are just waiting for it to process.

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