All Forum Posts by: Hideyuki Gojima

www.beaverapp.io

This is what I have been using for my clients and myself. It has helped me with the accounting and management work so I can focus on other things with my real estate business. It also provides simple financial projections and prepares financial statements for you come tax time.

One aspect of reducing some of your workloads by owning multiple properties is using the right software. Instead of using several kinds of software to do different aspects of your business, there is other software that can take care of all that work for you - which could reduce your stress and workload. Here is a blog regarding the type of software you could use to help manage and grow your real estate business.

Software to Solve your Real Estate Business

One aspect of reducing some of your workloads by owning multiple properties is using the right software. Instead of using several kinds of software to do different aspects of your business, there is other software that can take care of all that work for you - which could reduce your stress and workload. Here is a blog regarding the type of software you could use to help manage and grow your real estate business. 

Software to Solve your Real Estate Business

Hey Jayden,

One aspect of reducing some of your business workloads from owning multiple properties is using the right software.  Instead of using several kinds of software to do different aspects of your business, there is other software that can take care of all that work for you - which could reduce your stress and workload.  Here is a blog regarding the type of software you could use to help manage and grow your real estate business. 

Software to Solve your Real Estate Business

I have tried bizquest.com type of business brokerage websites and asked some friends around but it was not successful. 

I would appreciate if anyone could give me some advises on where I should go to or how to look for deals.

@Simon W.

Thank you Simon!!

@Joseph Hammel

@Joseph Hammel

I am sure there is a lot I can help you with. Schedule E is automatically prepared. Please let me know if you wanna check it out. 

@Nate Whitting

Yes, it is always better to manage each property with a separate account. If you are filing Schedule E (Individual tax return) you have to do that anyways. 

Some property management softwares let you connect each bank account with your property. It is easy to manage the financial aspect of your properties.

@Luis Cote

Congratulations on your new business! 

If you are looking for a good accounting software that is built for real estate investor, maybe I can help.

I am happy to give you any general advice to utilize software for different purposes.

Please feel free to DM me.

Good luck!

@Gaurav Bhasin

As you already aware, some property management softwares offer more features than necessary. 

Here is some of the features you may expect from property management softwares.

1. Online payment system : Connect tenant’s bank account with landlord’s and the rent automatically gets paid monthly.
2. Bookkeeping/Accounting/Tax preparation : Some softwares offer linking bank account and credit card with the software and semi automatic bookkeeping is possible.
3. Tenant screening : Enter the prospective tenant’s information and you will receive the credit report and criminal record.
4. Service request : When something is broken at the property, a tenant sends a request to the property manager, the property manager responds and solves the issue by preparing vendors.
5. Leasing : Some property management softwares have a feature to post listings when the property becomes available.
6. Reporting : Monthly or Yearly summary for work order requests and rent roll and whatever happened during the period. 

Good luck!