Putting in place policies and systems to handle that will be key otherwise you'll always be working or at least be on-call.  

Ultimately, clear communication and expectations handled in a respectful manner can avert any issue.

If you're a PM, how would you handle this owner?

I know I can create a series of my own documents regarding this in Word and Excel, but am wondering if there is some kind of software package out there that handles this problem?

Then you'll need to build a team of contractors to handle renovations and to help with things such as property inspections.

On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.

You will need someone more local who is incentivized to be available to do showings and handle issues.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

Private funding from a relative may provide flexible terms and reduced financial risk, but formal agreements are necessary, and interest paid is deductible for you but taxable for them.Traditional investment property loans offer stability and tax benefits like deductible interest and property taxes but require larger down payments.