Hey everyone,For those in the real estate game, how do you track your property expenses, labor, and other details during the renovation process, especially when managing multiple properties simultaneously (e.g., 3-5 houses)?

I really appreciate you taking the time and providing a detailed reply. 

You should have a clause in your lease agreement or an addendum detailing their responsibilities along with penalties for violations.At Keyrenter North Jersey Property Management, there are a couple things we always go back to when making these decisions:- How can we provide the best value/service to clients and tenants?

You'll probably want to look into having your assets held in a living trust or some other kind of trust if wishing to avoid probate in California.As to your question about the mortgage, there's a federal law that the attorney might be referencing that generally protects transfers into a living trust from causing the need to refinance, but would need more details to discern.

I am happy to assist and have a detailed discussion to go over potential options to help if you would be open to it.

I can disclose the property address and details if you would like to chat.

A fixer is generally where I buy but I'd buy turnkey if the cash flow is there.What about something like this: https://www.realtor.com/realestateandhomes-detail/120-Sand-S...?

Specifically I now track month end account balances, maintenance expenses and have a detailed list at my fingertips of the tenants that are late on their rents.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I should be a little better at getting through the contract and the other detail tasks.