What sort of property management software Benjamin Z Miller recommend for multifamily investing?

Good question.

First this depends on several factors including the size of portfolio you are going to be dealing with. If you are a new multifamily investor and are purchasing your first property that only has 6 to 8 units, there is no good reason to go purchase an expensive property management software.

Property management software typically allows you to keep track of lease tracking, tenant tracking, bookkeeping, accounting, forecasting, and building maintenance. Most of these management programs are designed for a particular niche of investing (e.g., industrial, residential, commercial, multifamily, etc.).


You also need to consider some things such as if your management company can use the software. If you are going to self manage which is not recommended then you can just pick out what you like.

There are numerous software programs to choose from, here are some examples: BUILDIUM, starEDGE, TOTAL MANAGEMENT, SIMPLY EM, APPFOLIO, MN REAL ESTATE SOFTWARE, PROPERTY MANAGER CLOUD, MAINTENANCE CONNECTION, PROPERTY MATRIX, RENTEC DIRECT, etc.

You need to quit trying to manage your own property or have an inexperienced person manage it for you. You need to let a professional management company take over.

The new investors that do the best in multifamily don't look for apartments. Instead, they look to find experienced apartment investors that will let them invest into their deals. Being a limited partner you will avoid all the problems a general partner faces.

You then can focus on your core business or work and make more money to invest. If you are the type of person that wants to do things the easier and more efficient way, I created a group that can help you learn how to invest.

My group, the Benjamin Z Miller Investor Networking Group, meets every Sunday on Zoom. I created this group for new and experienced investors to network and make more contacts.


If you would like to learn more about multifamily investing, you should join the Benjamin Z Miller Investor Networking Group.
Once you attend one of the Sunday meetings you will receive a Google Sheets document with the phone and email of the other investors that attended.

From there you can reach out to numerous multifamily investors. I also am good friends with some of the best well known multifamily investors so if you need an introduction to a particular investor in some cases I can help you.

Before you do any investing you should invest more time and money in your financial and legal education. I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.

You also can register at meetup.com at the link below:

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!


Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
[email protected]
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller


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