I am now summarizing the key points for managing rental properties to build my systems before launch ( I am strongly considering Rent-Redi software) but I am wondering how I would use this software for client's properties when collecting rent, holding deposits and the like.

Our long-term plan is to eventually move out, rent both units, and buy a house of our own.

This is when the water company sent me ledgers that shows the funds my property manager deducted from my rents to pay water bills was never paid to the water department on one house.

If your goal is financial freedom, choosing the right location is the most important investment decision you will make because it affects all long-term income aspects, including:Whether rents keep pace with inflation is crucial.

MULTIFAMILY EGI INCOMEMultifamily GPR: Rent Roll Rents w/ Laggards @ MarketLess - Concessions: 0.50%-1.00% (Depending on market)Less - Vacancy: 5.00%-7.00% (Depending on market)Less - Bad Debt / Delinquency: 0.50%-1.00% (Depending on market)Multifamily NRI= Multifamily GPR - Concessions - Vacancy - Bad DebtOther Income: Get a rent roll detail showing all the other lease charges by unit.

Hoping for a creative solution, but doubtful.I have been renting the property and thus the reason I'm giving it several years rather than waiting the proverbial 1 year and 1 day.

Tenant’s failure to maintain any item for which Tenant is responsible shall give Landlord the right to hire someone to perform such maintenance and charge Tenant to cover the cost of such maintenancePremises defined in the lease as follows:  Landlord rents to Tenant and Tenant rents from Landlord, the real property and improvements described as: address of the rental property (“Premises”).1.

Separately I have a non paying tenant I am evicting which will cost me c10 months rent but that is another story and buyer beware in dealing with NYC tenancy and housing laws - advice is hire a lawyer from day one of nonpayment.Two questions for the forum:1.

First time we looked at the property, he wanted $65,000 and had only the upstairs rented.

Most people skimp on thinking about this and that's what ends up hurting them when it comes to renting them out.