Top 10 Property Management Software for Self-managing Landlords in 2023

By Chad Gipson March 10, 2023Features, News

If you're a small landlord, managing a rental property can be a challenging task. From screening potential tenants, collecting rent, managing maintenance requests, to tracking expenses, there are many things to keep track of. Thankfully, property management software can help simplify the process and make it easier to manage your properties. In this article, we will review the 10 best property management software for small landlords in 2023.

10 things to consider during an investment property showing

By Chad Gipson February 7, 2023Features, Investors, Landlords, Product

When you're in the market for a new investment property, it's important to know what to look for during a property showing. A property showing is a tour of a potential investment property, and it's an opportunity for you to evaluate the property's condition, features, and potential for rental income. Here are some key factors to consider during a property showing.

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Landlord Accounting Basics – Basic Approach

By Meng Chen January 9, 2023Features, Landlords, Product

Managing rental properties is no different from running a small business, and it's crucial to get the bookkeeping and accounting processes right, especially for self-managing landlords. The minimum bookkeeping standards should meet the IRS bookkeeping requirements for compliance. In addition to being compliant, we should also setup our system in a way that's efficient for us to handle all the tedious accounting tasks.

5 Real Estate Accounting Tips Every Self-managing Investor Should Know

By Meng Chen December 3, 2022Features, Investors, Landlords, Product

The purpose of having a good bookkeeping system in place for your real estate business is not only for tax compliance but also for becoming better informed to make any important financial decision. When you know the exact status of your portfolio and the performance of each property at any time, you will be in a better position to make more strategic moves in your investment or personal life.

Prospective Tenant No Show? Here is How to Solve it

By Meng Chen September 30, 2021Features, Landlords, Product

As a new landlord who self-manages the properties, one of the first things I came across while turning over a vacant unit is the "prospective tenant no-show". Someone probably saw my listing on Zillow or Zumper, and casually send me a message saying that he/she is interested. Then, I, being a proactive landlord and eager to minimize vacancies, responded to the inquiry quickly. And, after few brief exchanges, I put down a showing time for 6pm tomorrow.

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Independent Landlord’s Survival Guide in the Post-pandemic World

By Meng Chen August 27, 2021Features, Landlords

To survive in the post-pandemic world as an independent landlord, we really have to stay focused on our long-term strategy, adopt a more modern approach process to make daily operation more frictionless, and be cooperative and flexible when it comes to facing challenging situations with tenants. In the end, being a good landlord is not just about "maintaining good cash flow", but also about having happy "customers" (tenants) for your business.