All Forum Posts by: Janine Sharma
Janine Sharma has started 5 posts and replied 19 times.
Post: 1099 or W2 for onsite MHP property manager?
- Investor
- Colorado
- Posts 20
- Votes 6
This has been so helpful! Thank you
Post: 1099 or W2 for onsite MHP property manager?
- Investor
- Colorado
- Posts 20
- Votes 6
Thank you so much!
Post: 1099 or W2 for onsite MHP property manager?
- Investor
- Colorado
- Posts 20
- Votes 6
Thank you! This is very helpful!
Post: 1099 or W2 for onsite MHP property manager?
- Investor
- Colorado
- Posts 20
- Votes 6
Hi everyone!
I have a mobile home park in Idaho which will have an onsite property manager. Does anyone know if this individual needs to be a W2 or can I hire on a 1099? I have received mixed information regarding this!
Thanks so much!
Janine
Post: Property Management Software for small MHP
- Investor
- Colorado
- Posts 20
- Votes 6
@Amit Chawla I found this reply helpful!
Quote from @Drew Sygit:
There are no mapping programs to transfer data. All you get is what you can export/import via CSV file:(
We use Propertyware, have experience with Buildium and have played with Appfolio and RentManager.
Buildium is for smaller companies.
The other three are tied, the differences being how much automation & customization you want to do.
If you don't see yourself growing beyond 150 units, go with Buildium.
If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.
If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.
Of course, schedule some demos, take GREAT notes and them make your decision.
FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec. The unknown is, will they survive?
Here are some BP topics on this: https://www.biggerpockets.com/search/topics?term=property+management+software&filter%5Bauthor%5D=&filter%5Btitle%5D=Property+management+software&filter%5Bbody%5D=&filter%5Bforum_id%5D=&filter%5Bdate%5D=
Post: Property Management Software for small MHP
- Investor
- Colorado
- Posts 20
- Votes 6
@Nathan Murith Thank you!
Post: Property Management Software for small MHP
- Investor
- Colorado
- Posts 20
- Votes 6
Hi! I am looking for property management software for a 36-space RV/mobile home park that would replace the current excel sheet and quick books format. I am an out-of-state investor so it is important that both myself and my property manager can access certain items. I would like something that includes similar accounting features to quick books or fresh books without having to use multiple platforms.
Thank you!
Post: Property Management Software for MHP
- Investor
- Colorado
- Posts 20
- Votes 6
Quote from @Mario Dattilo:
Rent manager is the most commonly used property management software in the Mobile home park industry. It’s got the accounting and operating an all in one and is pretty robust. I’d recommend it.
I would think about having the seller be your manager after closing. That can cause all sorts of problems. We typically want the previous owner away from the property the day after closing so we can take over the property and implement our systems.
I’ve got a lot of MHP investor resources in my profile that can help you through that first deal.
hope this helps.
Thanks again for this reply! I contacted rent manager but they start at more units than I currently own, do you have any experience with software for less units? I see Door loop, Buildium and app folio
Thank you!!
Post: Property Management Software for MHP
- Investor
- Colorado
- Posts 20
- Votes 6
Thank you very much! I will check out your profile, this is helpful information!
Post: Property Management Software for MHP
- Investor
- Colorado
- Posts 20
- Votes 6
Hi,
I am a new investor setting up my first MHP deal. I am wondering if anyone has recommendations for property management software for this asset class? The seller is staying on as my PM and currently does everything through QuickBooks and his own excel system however since I am out of state I am wondering if there may be a better option?
Thank you!
Janine