Anyone heard of PorfolioBay property management software

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Investor · Milwaukee, WI · Member since 2017 · 11 posts · 5 votes
3y
Quote from @Dave Mays:

Anyone use it?  Appears to be brand new.

https://portfoliobay.com/

Hi Dave, I just came across your post mentioning PortfolioBay. I'm actually the founder of PortfolioBay, which is based in Milwaukee and started at the end of 2021. So, like you said, it is somewhat new to the space. We are focused on serving self-managing landlords and currently have users managing portfolio ranging from 1 duplex to 100+ units, mostly Milwaukee area. If you are interested, I'll be happy to do a product demo for you. Also, we offer data migration support for 20+ unit portfolio.

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  • Property Manager · Charlotte, NC · Member since 2022 · 269 posts · 135 votes
    3y

    I haven't heard of this before. Seems new. 

  • Investor · Milwaukee, WI · Member since 2017 · 11 posts · 5 votes
    3y
    Quote from @Dave Mays:

    Anyone use it?  Appears to be brand new.

    https://portfoliobay.com/

    Hi Dave, I just came across your post mentioning PortfolioBay. I'm actually the founder of PortfolioBay, which is based in Milwaukee and started at the end of 2021. So, like you said, it is somewhat new to the space. We are focused on serving self-managing landlords and currently have users managing portfolio ranging from 1 duplex to 100+ units, mostly Milwaukee area. If you are interested, I'll be happy to do a product demo for you. Also, we offer data migration support for 20+ unit portfolio.

  • Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes
    3y

    I have not tried it, but the testimonials on their website are real people, I know most of them.

  • Investor · Madison, WI · Member since 2012 · 25 posts · 3 votes
    3y

    @Meng Chen

    I would be happy to have a Demo. Feel free to contact me at dave.mays @ realtor.com

  • Member since 2019 · 112 posts · 19 votes
    3y

    @Meng Chen

    I would like to know more.

    Does it do maintenance tracking? Tenant screening?

  • Investor · Milwaukee, WI · Member since 2017 · 11 posts · 5 votes
    3y

    Hi Greg, Yes, with PorfolioBay tenants can report maintenance issue, and landlords can track and resolve the issue right in the dashboard. PortfolioBay can also automatically send pre-screening questionnaire piror to scheduling a showing for all leads from Zillow, Trulia, Apartment.com and so on. And you can decline or approve a showing requests based on the pre-screening outcome with just a few clicks. 

    Aside from the features, the key difference between PortfolioBay and other management software is that while others cater to both landlords and property managers, we ONLY focus on self-managing landlords. This is because these two roles have very different metrics for success. For example, property managers usually aims to minimize vacancy and handle maintenance, they don't necessarily care about the actual profitability of the property, whether it was a good deal when purchased, what's the tax implication if you were to sell a under-performing property, but these are important for self-managing investors to track in order to succeed in the long run.

    Therefore, in addition to payments, accounting, turnover, and maintenance, we also track key financial metrics that are meaningful for the owner, and we also provide tools that can help investors to identify the best potential deal in the market. In short, we design our product around the self-managing investor, not necessarily just the management tasks.

    Sorry for the delay response, I'm not on BP a lot, but if you or anyone else have any question, feel free to DM me or respond to this post. 

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