I agree with a lot of the advice already given (i.e. legal lease agreement, maintenance team, etc) i would HIGHLY recommend utilizing a property management software to run everything through.

Any recommendations on software or systems to use for one rental? 

I’m a few years out of college and working as a software engineer in Indianapolis.

We receive the monthly owner statements from AppFolio (and every other PM software) and manually "translate" those into QBO via a JE.

But once your property is ready to be listed, find a good property management software that has all the features you need - Listing Syndication, Tenant Screening, Lease Signing, Rent Collection, etc; and you should be able to have a much better work-life balance.

@Jay Levy We use our property management software, Innago, to manage the entire screening process.

Rental income is just a plus, not the main goal.8) The rent fixing conspiracy will start with people who use software and services that suggest rental rates based on current rentals in the area.

Does anyone have experience using Buildium as their self storage software?

Remember, unique amenities can make all the difference in a crowded market, so the more you add, the more you will stand out, and it will pay off.Utilizing a dynamic pricing software is crucial for ensuring your property is always competitively priced, maximizing bookings and revenue.

I hope that's true because Block-head software instructions for 4797 is nuts.IRS: "If you used the home for business, you may have touse Form 4797 to report the sale of the business part".