Here’s one I’d love to hear other property managers and landlords weigh in on: Do you believe good property management leaves room for exceptions, or should the policy be the policy? I’m a big believer in policies and procedures. Not because every situation is exactly the same, but because consis...
I’m looking for recommendations from other real-estate investors for a real-estate-focused bookkeeper or accountant. I live in California but own a rental portfolio in Missouri, with a mix of long-term, mid-term and short-term rentals. I do my own bookkeeping and transitioned to REI Hub in Januar...
Hi team. I'm looking for a good PM in the Cincinnati, OH area with good referrals, good communication skills, and clear accounting systems. Any good or bad suggestions? Thank you.
I'm self managing 5 rental properties and one of my most time-consuming task is handling comminications between tenants. I have a 9-5 so I'm always juggling from scheduling repairs, or going back and forth with tenants. I'm curios if you guys having the same expeience and if you u are using a som...
TL;DR: Bought a Memphis rental in December with tenants already in place who had a history of paying on time. They’re now ~3 months behind and only making partial payments. PM put them on a $500/week payment plan, which worked for about a month, but communication has since fallen apart. I’ve text...
A late fee clause in a management agreement trips up a lot of owners, and I am curious how the people here handle it. When a tenant pays a late fee, who keeps it in your setup: the owner or the management company? I have seen it go both ways. Some agreements let the manager retain late fees as pa...
Hi everyone, I work in bookkeeping for real estate investors, mainly self-managing landlords and various size portfolios. I come from an audit / private equity accounting background and have been spending more time in the real estate space. From what I see, most bookkeeping issues don’t come from...
Every rental property needs a maintenance reserve. The question is how much. A general rule in Chicago's south suburbs: budget 8-10% of gross rent annually for routine maintenance, plus a separate capital reserve for major systems. Roof, furnace, water heater, appliances, all have a lifespan. Whe...
For owners who use a property manager, how are you checking that the net deposit that hits the bank actually matches the owner statement? I am curious whether people reconcile the rent, PM fee, repairs, reserves, and owner draw line by line, or only look at the final payout. The mismatches I watc...
Hey BP! We are deep into the summer season, and I'm curious to hear how things are going for everyone active in the Cleveland market. I want to pass the mic to you all: The Wins: What went exactly as planned (or better!) at the beginning of the summer? The Challenges: What unexpected hurdles or h...
Happy Thursday everyone. Three more observations from the self-managing side of rental property. A lot of landlords keep an eye on the bank account to see how the rental is doing. I do too. But the balance in that account and the financial performance of the property are not necessarily telling y...
Hello! Future first-time landlord here, about to start shopping for multi-family rentals in the Twin Cities. Before I buy, I’m trying to learn from people who’ve already been through this. For those of you self-managing 1-5 units: how do you currently find contractors you trust (plumbers, electri...
I'm not sure if anyone else has experienced a terrible property management company in the Jackson MS area, but I have had some of the absolute worst experiences that you can imagine! No contact, waiting weeks or months to report damages and even longer to get them fixed, no urgency to lease to an...
Wondering if there are product recommendations to monitor multiple properties for heating and cooling failures? I see there are multiple products that monitor temperature and humidity and as well as alert, have a different price point as well as subscription options etc. Appreciate recommendation...
Due to having a bad experience with the property manager i have been using, I am looking at moving to managing places myself, and am looking for advice, vendor recommendations if anyone local has some good ones, or possible issues that people think i may run into. My manager has had issues with s...
Cleveland investors—what's been the biggest headache with managing your rentals this year: leasing, maintenance, tenant communication, or something else?
Talked to a fellow landlord recently who said something that stuck with me: every deferred maintenance decision is really a bet that the system fails on your schedule, not its own. sometimes that bet pays off. Sometimes it turns a $400 repair into a $4,000 replacement plus a very unhappy tenant p...
Hey small landlords: I’m curious what everyone is actually using for bookkeeping and rental-property accounting. For those of you with fewer than 10 rental properties: * What software do you use? * How much do you pay per month? * What does it not automate that still requires manual work? * Does ...
I own two single-family rental properties in FL, and I’m dealing with a similar issue in both: one or two bedrooms gets significantly hotter than the rest of the house. In one property, the problem room is a garage that was converted into a bedroom. I’ve been told that inadequate insulation may b...
Somewhere along the way I stopped treating lease renewal as just a rent conversation and started treating it as a maintenance checkpoint too. Before I send a renewal offer, I go through every major system in the unit, roof, HVAC, water heater, appliances, and check the age against what's typical ...
Hello all! I am investigating starting my own property management company in Los Angeles. If you were to use my services, what would you like to get, and what services are overrated? And what would you think is a fair price for the services you'd like to get? I am looking forward to hearing back ...
Investors — with 2026 starting to wind down, how are those yearly goals looking? Did you pick up as many properties as you planned this year? How many doors did you add — and how many more are you trying to grab before the year ends? Out-of-state investors too — curious to hear what markets every...
Hi everyone, I have a portfolio of properties I'm looking to get a property manager for in the metro Atlanta area. Does anyone have any recommendations? Thanks!
Hey everyone, I have a couple of rental homes and I’m adding a few more over time. These are not very expensive properties, so I’m trying to avoid paying a lot every month just for accounting software. I mainly want something simple where I can track income and expenses by property, keep things o...
Does anyone have a foundation specialist in the Greensboro area that they know and trust that they could recommend?