All Forum Posts by: Matthew Perez

@Matthew Perez Where is it located and is that disclosed upfront? If it is an exterior camera have you given the guest view access? You could let them know you need to do maintenance and charge it. You could send them access to view and let them know that the charge is low and you may need their assistance to charge. I would actually do a check in after a few days and bring it up then.

Mine all plug in so that doesn't happen.

0 Votes

So, I received my first guest in my property, and they are staying for 70 nights. The day they checked in, I get a notification from my Google Nest Camera that my battery is at 5%. Their stay just started yesterday, so it could die at any moment. How do I go about getting this NEST charged? I feel awkward asking my guest to charge it for me, since it may seem like i'm spying? At the same time, I don't want to be in the dark. Any recommendations?

0 Votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $375,000
Cash invested: $70,000

Purchased a single family residence three blocks from a level 1 trauma center. Today, I received my first tenant for 70 nights. I plan to refinance after a year (hoping rates are lower), remove PMI, and cash out my investment so that I can buy property #2.

2 Votes

Quote from @Miller McSwain:

I personally wouldn't want to bank somewhere just because they have expense tracking features. The bank's job is just to facilitate the flow of money (in and out). I like the flexibility of being able to choose the bank that offers the best interest rates or, like @Bill B. said, can offer the best relationships.

So I'd encourage you to just search for a good bank, THEN you can get a rental expense tracking software that will help you manage your expenses.

We have our bank accounts liked to STESSA. This web app will retrieve you credit card, bank, etc expenses. Then it allows you to categorize them (as repairs, capital ex, etc) and attach receipts. This info can be used to generate reports for your CPA or generate reports that help you track your property's performance!

Thank you! Do you recommend Stessa over Landlord Studio? Also, looking into these, it seems like they are catered to long term rentals. Do any of them work well with short/mid term rentals?

1 Vote

Miami, Florida

I am potentially closing on a property soon, and I am looking into which bank offers the best service for rental income. I came across BaseLane, does anyone use this bank? Based on their website, it seems automated, has bookkeeping, and a good savings rate as well. Never heard of it before, so curious if anyone has ever used it before. If not, recommendations?

2 Votes

Miami, Florida

All Forum Posts by: Matthew Perez

Matthew Perez has started 6 posts and replied 25 times.

Post: NEST Camera Dies At The Beginning of a Guest Stay

Post: NEST Camera Dies At The Beginning of a Guest Stay

Post: First Mid-Term Rental Investment

Post: Best Bank Account For Rental Income

Post: Best Bank Account For Rental Income