I’ve tried a few different options for leases over the years — from state association templates to PDF edits — but recently switched to managing mine through Baselane.What I like about it is that you can either:Generate a state-specific lease directly in the platform (it’s $10 per lease), orUpload your own lease and just use their built-in e-signature tool.That flexibility is nice because I already have a lease template I like, but I still get the convenience of secure e-signing, tenant record storage, and having everything tied to my rent collection system.If you’re just getting started and want something affordable without having to involve a lawyer every time, it’s a good middle ground — compliant, organized, and cheaper than most one-off legal form sites.

We visited storage unit auction and I totally get the aggressive bidder scenario! 

Will most likely use the lot for storage of boats and campers. 

Comparing STR to standard housing stock is comparing Retail space too Cold/mini storage.

Parking is more or less storage if you end up in a tough spot down the line (which rarely happens).

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!

During this time we were building a new Storage location.  

You could adjust rent to market rates or also maybe consider renting out rooms or storage.

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

I've been trying to get in the habit of taking a walk through video before every new check-in but it's slowly taking up all the storage on my phone.