BLUF: seems like my process takes too long, seems unorganized and hard to track  I lose a lot of the people in the flood of DMs on FB.What’s your process to bring in new tenant?

Opt for a property management company with deep regional expertise to get the most out of your investment.Property Expertise: Look for a firm that has experience managing properties similar to yours and is familiar with your asset class’s specific challenges.Company Culture: Choose a firm with a customer-focused culture that values team management and service, as this directly affects property performance.Market Reputation: Speak with local brokers and visit managed properties to get a sense of the company’s track record.By focusing on these factors, you can find a property management company that aligns with your goals and delivers real value.

Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.

We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.

-------------------------------------------I am involved in a construction project which requires a Builder’s Risk policy/coverage…something off the beaten track for most people.

A good private money lender should be transparent about terms and fees, have a solid track record and experience in real estate, and demonstrate flexibility in tailoring loan options to meet your needs.

If you keep the house over the same period, its value will hopefully track or outpace inflation and your heirs can inherit it.

Private money lenders primarily lend money based on trust and your track record.

Ask for their track record with properties similar to yours and how they navigate disruptions (like renovations) while maximizing occupancy and revenue.Communication & Problem Solving: How proactive are they in handling day-to-day issues without needing to involve you?

I've always used a mix of tools to track my net worth and spending.