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3 August 2024 | 10 replies
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?
29 July 2024 | 40 replies
Also, she’s never asked me to lower rent, she’s never been late, and I won’t lower rent.
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2 August 2024 | 18 replies
On the other hand, if the single home doesn't get rented out, we can just move in there too!
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1 August 2024 | 2 replies
Congrats Holli that's awesome..We're on the hunt for RV/Boat storage land/facilities and financing options for 5+ units have become increasingly workable.
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30 July 2024 | 10 replies
We'd like to rent both houses if we moved.
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2 August 2024 | 4 replies
If a duplex rented out for 2k per unit, would adding another unit be an additional 2k in rent, or would it dilute the property and make the rents lower.
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1 August 2024 | 0 replies
Our targeted improvements significantly increased the property's market value, setting the stage for a successful sale.
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3 August 2024 | 9 replies
Sends out rent reminders near the end of the month.
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31 July 2024 | 4 replies
One is the value add situation, you might be in a situation where the values for rents are upside down.
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2 August 2024 | 2 replies
The 2nd unit needed some renovations which I have nearly finished and I hoped to rent out it out as a MTR to traveling healthcare workers.