I know that software exists to not only see if you are online but active as well.

Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.

Most Commercial Brokers gave access to software tools that have off market properties, as well as being connected w owners off market property can help vet them based on financials …

@Wayne GreenhalghHave you heard of Janover's syndication software ?

You will need technical skills and software to manage from afar, as if you're local.

I know @Randall Alan mentioned the time it takes for ACH to clear but those deposits that the software deposits into the account can be taken back if the fund end up not being there. 

Of course all 5 managers use different software and portals, each with their own style of reports. 

Someone enters data into the property management software from the PMA (Property Management Agreement...

-based, Bookkeeper Launch certified, and QBO ProAdvisor certified (also, experienced with common REI PM/Project Management software such as Appfolio, Buildium, DoorLoop, BuilderTrend, etc etc).We have a Client Portal you can run those receipts through to get rid of the shoebox!

Web based management software and smart phones shortened the lifespan of kiosks!