A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.

I collect fees and rent with Baselane and tag each security deposit in the bookkeeping software and leave a note on which tenant it's for to avoid having separate accounts for each deposit. 

The real estate professional or coordinator has input and dealmaking influence, but the terms of financing are generally the key component to unlocking the transaction. 

Hey @Mike Allen, I use the Schlage Encode Smart Wifi Deadbolts at my STR - one for the front porch door into the property (it's a duplex), a second for the main entry door into the upstairs unit itself, and then one on the supply closet in the unit for our cleaning team.I don't have any third party management software in place at the moment, and therefore can't speak to the integrations at this point in time.  

I am curious to what software/programs I should use starting out.

What are some features in property management software that are absolutely vital?

Does anyone have any feedback on SimplifyEm property management software?

I can see the use of software and individual coaching. 

Consider using tools or software for property management that can help to automate the procedure.In the Bronx, become familiar with the zoning and leasing restrictions.

Where does one go to find a list of motivated sellers other than paid services like PropStream and other software?