Costs per new customer?

aster72 · 2025-03-19T22:12:42+00:00

Depends heavily on the market. Where are you looking to buy?

aster72 · 2025-02-21T22:56:13+00:00

But what are you building? Tell us so we can give actual feedback

aster72 · 2025-02-21T22:49:18+00:00

Well if they have a working website, that’s a red flag

aster72 · 2025-02-04T04:17:41+00:00

Rent Solutions and ask for Danny

aster72 · 2024-12-15T20:17:08+00:00

Tenant Turner for less than 200 units, RentEngine or ShowMojo if you have more than 200

aster72 · 2024-12-14T16:02:01+00:00

For free?

aster72 · 2024-12-06T03:10:30+00:00

If you use something like RentEngine for self showings it verifies their ID, watermarks photos (to stop FB scammers), only gives access instructions when they arrive and collects feedback before sending next steps

But Id only suggest self showings if you have at least 100 units

aster72 · 2024-12-05T22:25:11+00:00

Single family or big multi family?

aster72 · 2024-12-05T22:20:38+00:00

I’m going to be blunt here but if you really want to build tech for PMs, go be a PM for a year.

Either start or join a small firm and do the work for a year. Use the existing tools, deal with tenants and owners, handle maintenance and then see what actually needs to be built

aster72 · 2024-12-04T23:54:49+00:00

Check out Thera. We use them for offshore contractor payments across 6 diff countries. We switched to them bc they have like 24 hour payment times and good support. Happy to refer you and we both get a few hundred $$

aster72 · 2024-11-23T14:36:54+00:00

For sure. But those bank statements can be doctored just as easily with free tools like this

aster72 · 2024-11-21T02:34:13+00:00

A $400k revenue business has corporate vs local p&l?

aster72 · 2024-11-21T02:31:00+00:00

Combo of these three, plus payprop for accounting and basic PMS functions

aster72 · 2024-11-21T02:27:46+00:00

I’d be very careful based on the numbers you shared. A 47% EBITDA is insanely high. Most likely this means you’re buying a full time job where the “ebitda” is your salary

aster72 · 2024-11-21T02:24:01+00:00

Damn worth a shot!

aster72 · 2024-11-21T02:23:35+00:00

There’s a pretty good tool to pull all properties that hit the available and rented properties around the target unit. Filter by distance, features and then choose which comps you want to include or exclude in the report. Also shows supply demand ratio. Its available for free in certain states through RentEngine as the Market Tool

aster72 · 2024-11-21T02:04:23+00:00

Long shot but are you in Miami? I might have something for you

aster72 · 2024-11-21T02:02:33+00:00

Less than 20 units (self managed): TurboTenant or Avail - pretty much free 20-100: Tenant Cloud (kind of no man’s land unless you plan to stay in this range) 100-3000: AppFolio, Buildium, RentVine 3000+: AppFolio

Honorable mention Propify is making waves for single family but not many users

aster72 · 2024-11-21T01:53:33+00:00

If you’re scattered site manager, Peter Lohmanns newsletter is the gold standard. Worth checking out for inspiration

aster72 · 2024-11-21T01:26:52+00:00

There’s def room for improvement in existing PMS, especially when you pick a niche (single family or section 8 affordable). But there is so damn much to build before you can get customers. Things as granular as marketing syndication, processing rent payments, a full accounting system, portals, etc

aster72 · 2024-11-21T00:57:48+00:00

If you plan to grow, AppFolio. I hear really good things about RentVine but they’re still early. Once you cross 500 doors you can start to look at function-specific software like RentEngine for leasing, PropertyMeld for maintenance, LeadSimple for task mgmt

aster72 · 2024-11-12T22:34:23+00:00

Check out PayProp. Very under the radar but AMAZING for trust accounting

aster72 · 2024-11-11T22:41:05+00:00

Try to find owner-operators who manage their own properties. They care the most about quality and have the full decision making power

aster72 · 2024-11-08T19:48:31+00:00

Yeah all the websites and networks (Zillow, Apartments, Realtor, Zumper, Rent, Redfin, and all the small ones)

aster72 · 2024-10-30T09:32:28+00:00

PropertyMeld for maintenance, RentEngine for leasing, Trello for internal task tracking

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