I have three LLCs with SFH rentals in different states. One has a PM, and I self-manage the other two. What is your exact LLC banking and bookkeeping setup? Have you found a high-yield LLC savings account that can receive rent and pay mortgages and other expenses? Which PM and bookkeeping softwar...
Hi everyone! I'm a local construction business owner looking to expand into property support services, and I'd love some feedback from landlords and property managers in the Greater Houston area. I'm curious how many of you struggle with the time spent handling maintenance requests, scheduling co...
I have a 3 bedroom unit with 3 adult and from time to time, they have 2 toddlers that stay for a short period of time from time to time They also have 2 teenagers that does does the same thing what would be the best way to handle this
A landlord friend of mine was venting to me about rent collection. His tenant pays late every month, and he couldn't figure out why. I asked to see his lease. Rent was due on the 1st, and late fees started on the 10th. I told him, "Your rent isn't due on the 1st. It's due on the 9th." He looked a...
I’m considering moving my portfolio to a property management company, and I’d love to hear from owners who’ve been through this and can share their experience. For those of you using a PM: -What are your biggest frustrations or challenges? -How do you deal with them in practice? -What systems or ...
Hello! I currently own one rental in the Akron area and looking for recommendations for a property management that will communicate in a timely manner. I know I don’t own multiple properties but I still would like to be treated with the same care.
I used to treat response time as a nice-to-have. Then I actually tracked it, and the slow replies were quietly costing me — more escalations, more turnover, more "why didn't anyone get back to me" during renewals. Three changes that moved the needle for me: 1. Instant acknowledgment. Every tenant...
Hi everyone. Does anyone have any recommendations in the Los Angeles area for a full service property management company or a company that converts homes into short term rentals? I'd need them to finish furnishing one bedroom, go through the kitchen to check the quality of utensils, pots, pans, p...
Hey everyone! I am new here and looking to buy out of state and wanted to see if anyone had any advice as to how to manage your property independently, even out of state. I know it’s typically unconventional but I am not looking to build a huge portfolio, but keep a low overhead on what I do end ...
Here's how you can automate rental application screening and save your team hours of manual work. When someone submits a rental application, you can send their information through an automation workflow that checks it against your screening criteria and puts together a report for your leasing tea...
I manage rentals across the west and southwest Chicago suburbs, and DuPage County is one of the areas a lot of out of state investors overlook when they are chasing yield. A few places I would point newer investors toward: Naperville and Wheaton: strong schools and steady professional tenant dema...
Something that doesn't get talked about enough on the landlord side: every handyman, cleaner, and contractor who steps onto your property is a liability question. If someone gets hurt and their insurance lapsed, guess whose property they were on. I work with property managers and landlords on the...
Two tax seasons of receipt archaeology later, I landed on a system that actually stuck: 1. Every rental dollar gets categorized the month it's spent — I use the Schedule E categories as my chart of accounts (advertising, cleaning, insurance, repairs, etc.), so the year-end summary maps straight t...
I manage rentals across the south and southwest Chicago suburbs, and the markets that keep producing steady cash flow are the ones a lot of out of state investors skip. A few I would point newer investors to: Matteson: single family and small multifamily at accessible entry prices with steady ren...
Curious how many investors here with properties in Greater Cleveland or Akron are still self-managing versus using a property management company? I work in property management here locally, and I talk with owners every day about leasing, tenant issues, maintenance, and all the day-to-day headache...
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...
For investors building a rental portfolio, what usually makes DSCR financing attractive for a particular property? Is it the property's income, the overall portfolio strategy, qualification considerations, or something else? What makes you consider DSCR over other financing options?
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...
Hi everyone, I got a property manager to run my LTR for the past 1.5 years due to things happening in my personal life. Now that things are settled, I am planning to transition back to self-management. Nothing against the property manager. Not bad but not notably amazing. For those of you who hav...
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...
Hello, I’m out of state and wanted to check if anyone has used or heard of AAA Sahbudak in Orange Park, FL to manage their rentals. I‘m being approached but can’t find much information online and wanted to do my due diligence. Thanks
Hello, I rented a single family home to a family with two toddlers, and within 2 months of living in this home (new construction new home) they called and said there was dampness around washing machine. I sent the plumber out and he said there was nothing wrong with the machine (it is a brand new...
I own 27 rental units across the U.S. and Canada. Cash flow gets most of the attention, but I also want to know how much debt I’ve paid down and how my equity has changed. I am horrible at keeping track of receipts and I have two year ends. One in Canada one in the US. Which sucks because year en...