Instead of installing a water meter, we used a method known as RUBS (Ratio Utility Billing System) and we wrote that as part of the lease as well. 

I easily keep everything organized in excel without having to pay over $1000 per year for QuickBooks.I have one business bank account (for Non-IRA owned properties) but everything is categorized per property in Excel.My CPA says every year I am one of his most organized clients.

Super excited to rub shoulders with you and learn from some of the best in the industry!

I’ve been looking into setting up a RUBS system — probably billing tenants back for about 75% of the total monthly water/sewer bill, divided equally among all occupied units.I’ve read that some cities in Ohio (like Cleveland) prohibit or discourage RUBS, but I haven’t been able to find anything specific in the Euclid municipal code.

You can rub elbows with the local players and get a grasp on the market.

With over half a decade of working for mid-sized accounting organizations specializing in financial reporting, budget/forecasting, and compliance.

For staying organized across multiple properties, a solid PMS + clear SOPs has been a game changer for me.

Always helpful to see how others are organizing DD to keep capital moving.Thanks again!

Quote from @William Thompson: One thing I’ve noticed working with a lot of investors is this:People spend a ton of time researching markets, strategies, and financing…but almost no time building the habits that actually keep their portfolio healthy long-term.Here’s the simple truth:Your systems will make or break your growth.Not the market.Not the deal.Not even the interest rate.I’ve seen investors with average deals but great systems outperform people buying in the best markets with none.Things like:Keeping clean booksTracking expenses in real timeReviewing your numbers monthlyHaving a game plan before tax seasonThese aren’t exciting, but they’re the difference between “I think I made money” and “I know exactly what’s working.”Real estate is more forgiving than most businesses… but eventually, disorganization catches up.The investors who last are the ones who treat it like a business early — even when they only own one door.What’s one system or habit that’s helped you stay organized as your portfolio grows? 

Quote from @Janae Chavis: I am in the middle of my first BRRR and the lack of organization is keeping me up at night.