Help: First Investment Property in north Dallas suburbs

[Alfie Park]

I had my offer on my first investment property accepted this week! Location is in far north Dallas suburbs (Frisco/Prosper/McKinney). Should throw off slightly positive cash flow if I self manage, and also banking on solid appreciation. I intend to hold for long term.

Any advice from others on the forum about key things I need to be doing?

I'm planning to  heavily leverage technology to handle marketing, applications, scheduling showings, collecting rent, etc. so would also appreciate property mgmt software recommendations.

Thank you in advance!

[Neil Aggarwal]

Welcome to the madness, good luck!

I use SmartMove to screen tenants.  It give you a lot of good information. For collecting rent, I allow the tenants to use Zelle, PayPal, or deposit directly to my account.  I do not want to use a third party collector because I don't know what would happen if they steal the money.