Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system:  ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?

I have 6 rental properties, all Single Family Homes.

Then you can start dabbling into buying rentals or flips.

My husband and I are dipping our toes into rental real estate by renting out the family home that we've been in for over 22 years.We own the home outright. 

My passion lies in real estate development, particularly in the realms of short-term rentals (STR) and long-term rentals (LTR).

What are the things you should consider in buying your first home rental property?

I feel like I have WAY too much equity sitting and doing nothing for me across my 5 LTR properties:* Rental A: 235k (Market: 440k)* Rental B: 140k (Market: 210k)* Rental C: 130k (Market: 200k)* Rental D: 75k (Market: 150k)* Rental E: 100k (Market: 200k)But with the current HELOC/Refinance rates - it just doesn't seem to make sense?

I’m currently observing an interesting trend in the Central Florida market where a noticeable number of short-term rentals are being converted into long-term rentals.

Let's say you want to stay conservative and only take 50% LTV, or $500,000.00, so that you don't have to sell anything in case of a market correction and there's a margin call.Step 2:  Purchase a rental property, all-cash, with that $500,000. 

It's more of a luxury property but supposedly they can perform really well as full time rentals.