I’m hopefully putting my first park under contract soon, and am looking for some recommendations on software I should start using right off the bat to streamline financial accounting and operations. The operation of this park should be relatively straightforward. Minimal POH and vacancies, we’ll invest some CapEx upfront to fix up the park but beyond that it should operate pretty consistently. Only planning to employ an onsite park manager, other activities will be performed by contractors.
Would it be redundant to subscribe to an accounting software such as Freshbooks, as well as a property management software such as RentManager? My understanding is that Freshbooks can handle direct billing/invoice/payment collections, so I’m not exactly sure if the added functionality of RentManager would be necessary to manage just one park. However, I’d like to start doing things the right way as soon as possible to avoid future hassles in records/bookkeeping. Any input from your prior experience is much appreciated!