Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Operations- tenants refusals, either cull them before they get to you by requiring autopay as an example, document on their application why you refused them, make sure your facilities are maintained properly and no safety hazards exist, etcLLC.

Some software are using AI to automate but Stessa Pro could not even set rules for assignments.

If you're okay with not having any of those, then hey, they're an amazing free option that your tenants will like.Landlord Software:  Software and platforms designed specifically for landlords and typically have more than just rent collection.-  Pro's:  Additional functionalities, such as tracking maintenance, automated bookkeeping, screening reports, etc. 

It is usually dependent on the PM software used.

@Rion Redinger Hi Rion, I don't show a unit until I have a completed application including a pay stub documenting employment and income, a copy of the applicant Driver's License and I will have run public record court searches for all munis and counties listed on the application.

@Fahima Hilal an architect usually only outlines mechanicals, plumbing & electrical on their blueprints.Your contracts should be creating appropriate drawings showing where their stuff would go and submit to city with their permit application.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

@Shawn Tuma definitely depends on the number of units to a certain degree but PM software is great for a number of reasons, some of which you stated and others you didn't.1.

It's taken a while to setup, but that would be the same for any software change.