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All Forum Posts by: Yanik Parsch

Yanik Parsch has started 0 posts and replied 68 times.

Post: Rentredi / Baselane… where to start?

Yanik ParschPosted
  • Posts 70
  • Votes 42
Quote from @Leslie Cloots:

Hi all, looking to rent out my first property, a 1BR condo. Having scalability in mind I'd like to do the heavy lifting now researching and trying different platforms for property mgmt processes... where do you recommend I begin? Are the promoted and built in platforms with BP pro worth it? I've read that Baselane continues to add features such as leases and screens. Would I still want to use Rentredi for listings/marketing, communication, and maintenance requests? Is there another app that does it all? Seems confusing from the tenant side to have to use 2 apps. Thank you very much for any insight 


Hi Leslie, congrats on your first rental! For one unit, it might make sense to keep things simple. Listings still usually need to go on Zillow or similar platforms, so using Rentredi just for that is fine, but tenant communication and maintenance requests for a single unit might not need a full app yet.

Where Baselane really stands out is on the financial side—banking, bookkeeping, and rent collection. Collecting rent through Baselane Banking is seamless for you and $0 for the tenant, which they’ll likely appreciate. Even if you use another platform for listings, having Baselane manage the money side gives you a strong foundation as you scale.

Post: Business Bank Accounts

Yanik ParschPosted
  • Posts 70
  • Votes 42
Quote from @Alicia Larkin:

Hi! Newbie here! I live in MA and am under agreement for a STR in San Antonio Texas. I need to open a Business Bank Account and I'd like advice on where to look. Do I use one of the online banks? Do I look at a local one like Middlesex Savings where I could build a relationship with a banker or do I open one with Bank of America which is where I've banked for 30 years. My concern is their fees. I'm looking for ease of online banking.

Hey Alicia, welcome! For managing an STR remotely, having strong online banking tools can make a huge difference. Some people go with traditional banks like BofA for familiarity, but fees and limited business-focused tools can be a headache. Local banks can help if you want in-person support, but that's not always convenient from out of state.

I’ve found that solutions designed for small business and rental owners can save a lot of time—things like easy online payments, integrated expense tracking, and simple account management. Tools like Baselane Smart, for example, are built for property owners and can streamline both banking and property-related finances without the usual bank fees or extra hassle. Makes handling everything from out of state a lot simpler.

Post: How does everyone track their portfolio?

Yanik ParschPosted
  • Posts 70
  • Votes 42
Quote from @Daniel Norman:

I am just about to buy my first investment and plan to buy several within the next few months, what software or tools does everyone use to keep track of their portfolio and equity?


Congrats on the upcoming first purchase, Daniel — that’s a big step!

When I started out, I tracked everything in spreadsheets. It worked fine for one or two properties, but as soon as I added more, it quickly got messy — especially when trying to keep up with income, expenses, equity, and cash flow across multiple doors.

What made a huge difference for me was switching to a platform built for landlords. I use Baselane, and their new Baselane Smart features have been especially helpful. It automatically categorizes transactions, gives you real-time dashboards on cash flow and equity, and keeps things organized for tax season (no more digging through receipts or late-night spreadsheet updates).

Even if you’re just starting with one property, setting up a system now will make scaling much smoother when you get to 3, 5, or 10. My advice — try something lightweight and landlord-focused instead of building it all manually.

Quote from @Luke Tetreault:

With all the buzz around AI, and so many business tycoons focusing on it right now. I am very curious to hear how everyone is integrating AI into their business in this industry. I want to take full advantage of it myself, so hearing some new ideas may be eye opening!

Hey Luke, great question. I think AI is becoming less of a “buzzword” and more of a practical tool if used in the right areas. For example, a lot of landlords I know are experimenting with AI to streamline tasks like drafting rental listings, organizing lease clauses, or even triaging maintenance requests.

One thing I’ve found really useful is leveraging platforms that already build AI into their workflows. Baselane recently introduced Baselane Smart, which layers AI-driven insights on top of rent collection and expense tracking. It automatically categorizes transactions, highlights trends in cash flow, and even helps surface tax-deductible expenses you might miss. That saves a ton of time vs. spreadsheets or manual tracking.

For me, that’s where AI shines: reducing busywork and surfacing insights so you can focus on higher-level decisions. Curious to hear if others are using it in more tenant-facing ways.

Post: Portfolio Management Platform

Yanik ParschPosted
  • Posts 70
  • Votes 42
Quote from @Ron Amshalom:

Hi everyone!
I'm currently exploring the property management solutions, specifically cloud-based.
Does anyone know a property management company who has an app / software to see everything? 
Thanks in advance!

Hi Ron, welcome!

If you’re looking for a cloud-based platform where you can see your full portfolio in one place, I’d recommend checking out Baselane. It’s built for independent landlords and smaller portfolios, but it scales well if you add more units over time.

A few features that stand out for portfolio management:

  • Dashboard view – Track rent collection, leases, expenses, and cash flow across all your properties at once.
  • Tenant tools – Screening, leases, and rent payments all in one place.
  • Banking integration – You can connect your existing accounts or use Baselane’s banking to keep rental income and expenses organized (helps a lot with bookkeeping and reporting).
  • Mobile-friendly – Even though there’s no dedicated app, the platform is cloud-based and works smoothly on your phone browser, so you can manage things on the go.

It’s a nice balance between property management software and financial tracking, so you always have the full picture of your portfolio. 

Quote from @Ashley Kroft:

Hello BP!

I am curious what you all use as a property management software to screen tenants, create applications for the tenants to apply, create leases, list the properties for rent, maintenance requests, etc. A do-it-yourself program that is landlord friendly to a beginner landlord. 

Right now I am using Avail and I'm not loving it as I cannot upload my own rental application. What do you all use for your properties? 

Thank you in advance for your time reading my post and answering my questions. Much appreciated!!! 

Hi Ashley, welcome to landlording!

I’ve tested a handful of platforms, and I’d recommend looking at Baselane. It’s landlord-focused and covers pretty much everything you mentioned — tenant screening, custom rental applications (so you aren’t stuck with a rigid template), lease creation, rent collection, and maintenance tracking. You can even market your rental by generating a professional listing and pushing it out through Zillow’s network, which saves a lot of manual work.

A couple of things I’ve found helpful as a beginner:

  • Tenant applications & screening – You can upload your own rental application if you have specific questions you want answered, and screening integrates right into the process.
  • Leases – The platform lets you build state-specific leases with e-signatures.
  • Payments – Rent collection is streamlined and connects directly to your bank.
  • Maintenance – Tenants can submit requests online with photo attachments.

The nice part is that it’s designed to be simple enough for one or two units but still robust enough to grow with you if you scale up.

If you want to test it, you can set up a free account and see if it feels more intuitive than Avail.

Quote from @Becca Brown:

This is a sort of litmus test for me, so please be honest (but kind lol): What are your thoughts on AI in property management? If you utilize it, then to what extent? I've seen some people implementing chatbots for tenant FAQs in order to ease the load of their employees. That seems ethical and harmless. But I think there's a line, and I'm wondering where some of you draw it.

When I was a tenant, for example, the PM company would send us email updates & notifications about community events. Near the end of my tenancy, they started sending emails that were corny & clearly copied from ChatGPT. It kinda annoyed me that they wouldn't even type emails for their tenants anymore (the staff was also SO unhelpful and mean, so this small thing just added to my annoyance). 

PM tech has always and will always be super vital, so I'm not an AI hater by any means. Just wondering how you're all moving forward with this new tool. What tasks are you willing to automate, and what tasks do you refuse to automate?

Great question, Becca — I’ve been thinking about this too. Personally, I think AI in property management can be super helpful if it’s used to handle the repetitive stuff, but it shouldn’t replace the human touch with tenants (like your example with the corny emails).

For me, the big wins have been automating things like expense tracking, rent reminders, and late fee notices. I use a platform called Baselane that recently added more automation with their Smart plan — things like auto-tagging transactions to properties/categories and auto-matching receipts. That’s the kind of stuff I’d much rather have software handle so I don’t spend my weekends buried in spreadsheets.

But when it comes to communication with tenants, I keep that personal. I think automation works best when it supports the “back office” side of landlording, and leaves the actual relationships to you.

Quote from @Rene Hosman:

Between repairs, supplies, insurance, and random surprises — tracking expenses for rental properties can be a whole job. I’m curious how everyone is staying organized throughout the year (especially with tax season always lurking).

  • Are you logging everything manually?
  • Saving receipts in a folder or using apps to snap and store them?
  • Do you tag expenses by property, or sort it all out later?
  • If you’re using software, what kind of system are you using — and has it made things easier?

Then let’s swap ideas — what’s actually worked for you? What turned into a mess?Tools like our partner Baselane’s built-in bookkeeping can automate a lot of the heavy lifting (especially with their AI & rule-based transaction tagging launching soon), but we know every investor has their own system.Drop your methods (or horror stories) below — and if you’re curious about how other landlords are handling this, feel free to ask!

Honestly, I used to struggle with exactly what you’re describing — receipts everywhere, spreadsheets that never quite matched, and tax season creeping up like a surprise. Switching to Baselane has made a huge difference. It automatically organizes expenses by property, tracks repairs, supplies, and other recurring costs, and makes it really easy to pull reports at any time.

What I like most is that I don’t have to spend hours tagging everything manually — Baselane does a lot of the heavy lifting, and you can even set rules for recurring transactions. It’s made staying organized throughout the year much less stressful, and tax season is no longer a headache.

If keeping everything straight is your main challenge, it’s definitely worth checking out.

Quote from @Carissa Atendido:

Hi all!

I'm in the process of securing my first investment property in Texas, while living in South Florida, and I’m debating whether to hire a property management company or self-manage with the support of a home warranty.

Since it’s just one door, I’ve heard from others that self-managing is doable for your first property—especially with the right systems in place.

For leasing, I was planning to handle the tenant screening myself by:

  • Requesting 4 months of bank statements
  • Running a credit check (through my lender)
  • Calling references personally

I recently purchased a home warranty for my primary residence (Choice Home Warranty - I still have 30 days to cancel so any feedback would be appreciated! lol) and was planning to get one for this rental as well, to help cover maintenance requests and give me some peace of mind that the repair will be handled properly.

Also, if I were to self-manage, are there any property management software that anyone would recommend that's affordable and doesn't equal the 10% fee PMs usually charge?

Any feedback on this approach?
Also, if you’ve used a home warranty for an investment property—did it work well for you? Any positive (or not-so-positive) experiences you'd be willing to share?

All advice is welcome—thank you in advance! 

Congrats on the first property! 🎉 Managing one unit from out of state is definitely doable if you have systems in place. I self-manage a few doors remotely and the key has been keeping everything organized under one platform so I’m not chasing spreadsheets, texts, and random notes.

For software, I’d recommend checking out Baselane. It’s not a full-service PM replacement, but it covers the parts that save you the most headaches:

  • Automated rent collection with reminders and late fees
  • Online tenant screening (credit, background, eviction) so you don’t have to piece it together yourself
  • A portal for tenants to submit maintenance requests (much cleaner than random calls/texts)
  • Expense tracking and reporting that makes tax time way easier

On the home warranty piece — experiences are mixed. I’ve used them before and they can be helpful for major systems (HVAC, water heaters), but response times can be slow and you don’t always get a choice in contractors. Some landlords love them for peace of mind, others cancel after a year and just set aside a repair reserve fund.

Quote from @Scott Sammons:

I self manage 30 units. Up until now, I have tenants pay through Zelle. Every month I am texting 4 or 5 tenants to remind them to pay rent or trying to collect rent fees. Several times a year I am am sending out a text message to all tenants (freeze warnings, inspection reminder, etc) I am looking for an online platform that has a good app as well as a website that I can use to do those tasks. I primarily want to automate rent reminders, late fee warnings, send blanket text messages, as well as have a user friendly app or website platform where my tenants can make ACH payments, or possibly even pay rent with a credit card. It looks like Buildium may be a "go to" but looks more robust than what I may need. I have seen suggestions for Innago, Stessa, and Rent Redi. Before I start spending time getting to know each application I was curious if there were any other owner/managers that had experience with an online platform they liked? I am ok paying for the service but would like to keep the monthly fee under $100 a month. Thanks in advance for your thoughts and advise! 

I was in a similar spot — too much back and forth with Zelle and texts, especially chasing late fees and sending reminders. I didn’t want something as heavy as Buildium either.

I switched to Baselane and it’s worked well because:

  • Rent reminders and late fees are automated, which saves me a ton of time.
  • Tenants can pay by ACH, debit, or credit card, and set up auto-pay if they want.
  • There’s a tenant portal where they can also submit maintenance requests, so I’m not juggling texts anymore.
  • I can send messages to tenants directly through the platform instead of mass texting.

It’s more lightweight than the big property management systems, and it hasn’t felt like overkill. If your main goals are rent collection, reminders, and communication under one roof, it could be worth looking into.

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