We are not currently interested in buying rental properties locally, due to how crazy tenant laws are in California.

I also purchased a home close to your rental.

Hi, I have about 13 rental properties likely 14 by end of the summer. 

I own 5 properties in Topeka, KS. 4 are rentals managed by a company there, and 1 is a Contract for Deed.

Hey Joe I own Vacation Rentals of Florida, a local STR PM Company.  

I would be happy to speak to the potential tax / cost seg benefit..If you are going for the STR strategy, you will want to make sure that the average stay of your rental is less than 7 days.

I have a question here regarding wither or not I should open LLCs and or a holding company for my upcoming scaling of my rental property portfolio. 

Talking with our Realtor who is the owner of the major CRE agency in the area, he recommended don't build. 

In my experience the basics for a functional RE based CRM are:Custom Fields for Data Objects (Leads, Prospects, Applications, Buildings, Units, etc...)A Screening Engine (background/credit checks, employment verification, etc)Online Rental Application (this should automatically run the application through screening)Ability to mass email/sms leads and tenants to provide informationSurveys/Inspection formsI've been building real estate CRM tools for years.

While I only have one LLC right now, I plan to expand to multiple LLCs (one for each property).Here’s where I need your help: How should I set up my account to reflect all the real estate activities like rental income, expenses, and distributions?