Management & Automation: For those managing remotely, what tools, software, or systems do you rely on?

Most softwares will list (at least) name of guest, stay dates, ADR, and revenue to owner.

I've been working in software consulting services for over 15 years and it's kind of disheartening that I haven't been able to figure it out, but I've got other things to worry about (like how to get a few more properties so i don't have to worry about buggie tech crap anymore :) ).

Hemlane is a great software to use.

Based on the development expected over the next decade, I believe it's a great area to invest in. 

Use softwares like AirDNA and Pricelabs to get an estimate of what you could be making and see if it's worth it.

For the last 6 months I've closed 5 deals. and 2 of them are from the leads captured from the software.  

Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball

I'd really vet the developer, their past projects, talk to prior partners (GP & LP) to see how prior development deals worked out and how the communication was, etc.

funding land flippers as a capital partner is my latest thing.. since finding lenders for land is very difficult. continue to fund small developers soft costs for % ownership.and continue to be capital partner for flippers and BRRR folks