I don't have security system at my STR but I use SimpliSafe at my home & never had an issue.

You will likely need your own system to capture the rental information along with costs that you pay for separately(Utilities, bank fees, interest, taxes, insurance, etc)If you have one property, I would prolly just use excel, especially if you have a PM company managing the property.

Learn the system that all people, accountants, CPAs and all are going to use which is quickbooks so you know it and it can be transferred easy when you are ready to move from self managing to bookkeeper to accountant. 

You can’t treat MTR guests like hotel guests — but you also don’t need to run a full-blown tenant application either.I use a middle-ground screening system that keeps things professional and simple:-Verify employment or assignment letter (nurses, project workers, relocations)-Confirm ID + previous landlord or housing reference-Require a refundable deposit or insurance coverageThe goal: balance safety with speed.

Hi, Does anyone have a simple system to do your bookkeeping from the reports that your property manager sends you?

It works fine for now but it doesn't scale well.I’d like to hear from those of you with five units or more, what tools or systems are you using to stay on top of your finances and monitor your portfolio performance?

I'm surprised they didn't have any kind of leaching mechanism at all; with the new baffle systems they can get leach systems in on some really tight lots.

We spend thousands of dollars per month on fraud detection systems and they are virtually impossible to catch without them.

What systems do you use to achieve scale?

I have used my HELOC a lot to make cash offers for BRRRRs (today we use a business line of credit).