Updated over 5 years ago on . Most recent reply
For investors with <10 units, what are your systems?
I currently have one rental, thinking about growing slowly. Im curious to see how others do it in terms of number of accounts, record keeping, ect. I figured there could be some good info, systems, and hacks for smaller landlords/investors.
Do you have one account for reserves, then individual accounts for each rental with just enough to pay mortgage? Or just individual accounts with reserves for each rental in them along with incoming rents?
How do you keep records? Important documents? Expenses?
Just curious to hear how others do it