Hi everyone,I’m closing on a single-family rental in Moore, Oklahoma, and comparing two types of property management:1️⃣ Local PM (Hallmark Property Management)10+ years in business, 4.6★ from ~70 reviews~430 doors managed; solid local presenceOwner is a local investor/builderKeeps full deposit & 100% of late feesRent estimate: $1,930/mo (Zillow shows ~$2,000)My projected cash flow: –$25/monthThey mentioned a winter slowdown as reason for conservative rent pricing2️⃣ “New-Age” Digital PM Models (like Nomad)Offer Guaranteed Rent and home protection (~$500K)4–6% management fee, lower than traditional PMsNo first-month leasing feeFully online platform for rent collection, screening, etc.I live in California, so I’d handle showings/inspections with digital locks or local helpThese newer PMs would save me roughly 6% compared to Hallmark, but I don’t have much PM experience yet.Questions for the group:Has anyone here used tech-based PMs like Nomad, Doorstead, or Belong in OKC/Moore/Norman?

Hey @Joshua Ledin, if you just have a few properties, a spreadsheet works great.If you have more than a few properties, we recommend QuickBooks Online. 

One of my main ways of raising private money is doing free online educational workshops.

Have one Bank account and credit card for your rental activities.Get an accounting software to help you organize your income and expenses.save your receipts in an online storage platform such as dropbox or google drive.Do your books once a month or if you don't have much transactions, maybe once every 3 months.Best of luck!

We had reached a point in our portfolio size where spreadsheet tracking and then filing taxes became too heavy of a lift for everyone and the cost of doing our tax return was getting hefty as well.That said, has anyone had any success figuring out how to link property loans from bank online portal successfully into your Quickbooks?

Between reputable online resources, books, and YouTube, you can learn everything you need to follow a simple, proven strategy.

There are always 2 sides to the story so it's nice to see when the service or product provider can show proof, etc...As you have seen with me first hand over the last few weeks.I've always believe in learning from mistakes and only blaming myself when $#@% hit's the fan.There is enough free content available online for everyone to study.You will only truly learn when you start doing.Thanks

You can find them online, and they’re updated every year.2.

It's back online now.

They don’t have much of an online reputation other than their own site/postings and although their presentation looks legitimate, I’m hesitant to outlay that kind of cash without verifying.