All Forum Posts by: Rob Tomko

I was hoping to hear some best practices for people out there that own multiple properties. What are some ways you manage the income and expenses for 10 or more properties?  Do you have separate bank accounts set up for each property or do you guys use any good software programs to help separate out each properties income and expenses from say Airbnb or Vrbo?? 

Now it has me thinking, what do people do that own multiple properties and manage finances for each one. Guess I will take that on when I get there! 🥴

@Terrance Hill thank you Terrance!

@Josh Lewer thanks Josh!

I wanted to post and see what other investors who have short term rentals use to automate and split their deposits into their bank accounts. For instance, I am looking to have the initial deposit automatically split into 5 accounts. 1. Revenue Account 2. Taxes 3. CapEx 4. Cash Reserves 5. Profit. Would love to get some different ideas of how people out there organize and automate this with in your Banks. Thank you!

@Melissa Haworth thank you very much for all that detailed information I truly appreciate it. Yes please message me and I would love to pick your brain one day even more if possible?

@Jonathan Taylor Smith thanks for the information my friend. I appreciate you reaching out!

Hello everyone, my business partner and I are about to buy our first short term rentals at the beach in Maryland.  If we decide not to use a property manager, what are some of the latest technologies you all use to help automate your business?  Thanks for any feedback. 👍🏼

Hello everyone, I am new to the real estate investing world and am looking to start buying short term rental properties in Ocean City Maryland.  Looking to make connections on here and pick the brains of seasoned investors that do the same thing.  Thank you for the support!