All Forum Posts by: Brent Kostner

Hey everyone! I'm Brent and I am a new investor from Oregon. My wife and I just bought our first rental property, a fixer upper February 26 and today just signed papers for our first 4-plex. We wanted to start getting into real estate so we just jumped in. Our goal is to have enough passive income to not need to have a 9-5 job if we don't want to. I am currently a children's coordinator at a church and love my job but would love to have extra income to support our family so real estate it is! As I mentioned above we just signed papers today on a 4-plex. With that being said I am looking for advice on how to collect rent for the first time. All the units are currently rented out and rent is due on Friday April 1st. We have a business account set up in our LLC name and will be transferring all the rent into that account. What I am needing some advice on is how to collect the rent for the first time as there is one days notice that we took ownership and will be changing how things are handled. Should my wife go introduce with herself tomorrow (she is going to manage the properties) and let them know she will be coming back by the next day to collect rent checks? Is that professional? Or is it more professional to just show up on Friday and introduce herself while collecting rent checks at the same time? We won't normally be going to collect rent checks....but with not enough notice time to let the tenants know that we will be changing how they can pay us we are just trying to figure out what the best way to handle this first months rent would be. Any and all advice would be appreciated. Looking forward to meeting you all.

Hey everyone! I was wondering what programs you use to manage your rental properties on. We are currently in the process of buying a 4 unit and a single family home. One closes next Friday and the other closes in March. These will be our very first rental properties and I am going to manage them myself. I am looking for any and all advise on what program you use to keep track of the books and everything that goes along with it. Thank you in advance!