By systems I'm talking CRM: a way for you to manage your sales pipeline, moving new, organic leads from clickers to renters and past guests from one-time to recurring. 3.

This allows for 45% of the effective rent to be spent on all your expenses (taxes, insurance, management, common area utilities, etc. - but not your mortgage payment), and gives you the net operating income (NOI).

Also, do you suggest we create a new bank account to manage property? 

All of the advice given by previous commenters is good but if you are brand new and are paralyzed by overwhelming information and having trouble getting forward momentum, this could be a great fit for you.

Hi all,long time lurker but I've run into a spot of trouble. 

Consider your comfort level with managing several mortgages and the risk of vacancies vs a slower but potentially more rewarding path to ownership.

Rent out whatever rooms you can in your primary residence and manage your roommates/tenants yourself.

Anyone have experience with Tripple E Reality or AMG Property Management?

I just bought a building with my sister where we are 50/50 partners but I am managing as it is in my location.

All are operated by management company.I hope that makes sense!