This frees you to focus on higher-value tasks like growing your portfolio, owner communication, and big-picture strategy.2.Adopt a Portfolio Management Structure: Early on, I ran a departmental structure (separate teams for maintenance, leasing, collections, etc.), and it caused inefficiencies and communication breakdowns.

What is being confused in there is some of the lost note affirmative defenses that have come up in foreclosure suits along with a gross misunderstanding of the ramifications of the "Robo-Signing" of 2010.

the law firm appealed the sanction and that went all the way to the 9th circuit and they still lost..

you need a team, and the best way to set up a team and look at properties is in person.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

Justen - curious if you have closed any deals since building your door-to-door team and if so, how did your pay structure work out?

We pay them back at close.For people/teams that do something similar, I'm curious what software you use or spreadsheets you've created to: Track cash current cash flow and projected cash flow for the whole business that including fixed costs like payroll and variable costs as well. 

Research markets using key data points and build a solid team.

Of course that was right when covid hit and my tenant lost her job and moved out of state because she was broke so I wasn't getting any money out of her either.

Is there any team/commission agreement that you've signed with your broker to outline what the splits are in a situation like this?