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All Forum Posts by: Rebecka Melson

Rebecka Melson has started 1 posts and replied 28 times.

Post: Floral Arrangement Inside The Condo

Rebecka MelsonPosted
  • Property Manager
  • OK
  • Posts 28
  • Votes 2

Check out your local craft store for classes. I know ours have them all the time. They are usually free except for cost of materials.

Post: New from Central Oklahoma

Rebecka MelsonPosted
  • Property Manager
  • OK
  • Posts 28
  • Votes 2

My background is first in accounting, then in real estate. I have worked with Real Estate investors for 7 years. My hands-on experience is more on the paperwork side of things and being a go-between for the investor with lenders, brokers, title companies and lawyers to get the deals done. I order the various inspections and surveys and I prepare the financials and other reports for the lenders, which for multi-million dollar commercial deals consists of "boxes" of information. The investors find the deals and then I help them get it done. All my real estate background to-date has been in commercial.

As far as Property Management, I provide those services more to local clients, but I have managed properties out of state for my local clients who have properties in multiple states. I am based in Oklahoma and have managed properties in Houston, Dallas and Austin, Texas. The owners have local, on-site property managers and maintenance staff at each location and I managed them and acted as a go-between with them and the owner, probably similar to what you would call a regional manager. The owners would fly me down to the properties once or twice a year (or as needed) to check-in with the tenants and inspect the property. I did the accounting for all of the properties, prepared leases, handled tenant complaints, etc. Locally, I manage the properties directly. The out-of-state property management does have it's challenges especially when there are build-out projects happening, but it can be done.

I have worked with a lot of what I call "serial entrepreneurs", who don't always just stick to one type of business venture. So, I have gained a lot of experience in many different areas.

Post: New from Central Oklahoma

Rebecka MelsonPosted
  • Property Manager
  • OK
  • Posts 28
  • Votes 2

Hi John,

I honestly can't recall. I am a member of several forums so it is very possible that we have crossed paths before. Either way, it's nice to know you.

Post: Ideas for starting a club? In Mid-Michigan

Rebecka MelsonPosted
  • Property Manager
  • OK
  • Posts 28
  • Votes 2

Look into meetup[dot]com. This would be a simple way of starting one up.

Post: Where Can I Find somebody to.........

Rebecka MelsonPosted
  • Property Manager
  • OK
  • Posts 28
  • Votes 2

Try to locate a real estate virtual assistant in your area. You might even be able to find one who is licensed. Licensed or not, if you find one who specializes in real estate they will know what they legally can and cannot do in your state.

Here are the two best VA forums (in my opinion) where you can post an RFP:

vanetworking[dot]com
virtualassistantforums[dot]com

Originally posted by "takleberry":
I can't resist, and yes I clearly have a bias, but I wanted to share a great quote I picked up from a property owner when we were assembling the right mix of features. He said,

The essential problem is that property management is not part of accounting; accounting is part of property management. Using an accounting package to do property management is using the tail to wag the dog.
-Jerry

There are other considerations that Intuit (Quickbooks and Quicken My Rental Property Manager) don't address, namely:

1. Advertising vacancies on the web
2. Running credit checks
3. Collecting rents with ACH and credit card
4. Providing landlord forms and resources
5. Helping suggest maintenance vendors
6. Providing a maintenance request system...

My very genuine question back to you all is:
[size=18]How important are these 6 features listed above versus having a detailed and robust accounting package?[/size]

Item 3 can be done in QB. Items 1, 2, 4, and 5 I do online, which I prefer. Item 6 I do with a combination of email and Customer Manager, which I also prefer, because I can access my email from anywhere.

Originally posted by "a1propertyclean":
I hope you don't mind me butting into this particular conversation, but I couldn't resist.

There are ways of putting the Quickbooks Pro & Premier series software to work doing the same job or better than most of the property management software packages I've looked into.

I've been a bookkeeper for over 30 years and started up Cross Country Bookkeeping Services in 1999 and have been using Quickbooks since around 1997. I thought I knew everything there was to know about it, but when I started taking on clients from the real estate investment sector, I had to learn how to make Quickbooks work for me instead of buying additional software. And it's really easy to do.

I bought RM from Quickbooks last year and ended up giving it to one of my clients to use on a small scale. But I do all of her property breakdowns and financials on QB Pro.

Tell me what you want to accomplish and I'll give you a few tips on how to do it, if you're interested.

I completely agree. I have been using QB Pro for years. I have been able to use it to manage multi-tenant office complexes, retail and industrial sites with no problem. I did add-on the Customer Manager program to be able to store more contacts for each tenant, but other than that I can do it all in QB Pro.

Post: New from Central Oklahoma

Rebecka MelsonPosted
  • Property Manager
  • OK
  • Posts 28
  • Votes 2

Hi, my name is Rebecka and I am a Virtual Assistant to Real Estate Investors. I provide bookkeeping, administrative support, personal assistance, and property management services.

I am also interested in becoming an investor myself. Eventually I would like to invest in a couple of small office buildings and/or retail centers that could provide a steady income.