Unless you’re a very unusual individual, I believe a full service broker would be better for people who lack these attributes. 

Would obviously have preferred to use a third party but this accomplishes exactly what I need - a birds eye view of the profitability each month without have to re-enter operational and tenant data into my own system when the property manager is already tracking this information. 

J Scott,I am sorry if I came off as 'angry and offended', that is probably why you only have seen 1 post attributed to the profile.

But even if the note defaults and you have to foreclose on the property and something happens there, you are a passive owner, not a property manager. I

They all represent themselves, your PM is supposed to represent YOU and that didn’t happen.This immediate situation is almost secondary to the fact your manager is being negligent with your money.

Yes the tenant could have done things differently, but just as a manager is responsible for the people under them and their actions, same applies to you as the landlord.

That's good to know for future analysis that a property manager is more than 10% though! 

The increase in vacancies can be attributed to the addition of new properties to the market and higher than usual vacancy rates in older properties.https://www.socalrha.org/news/2024-vacancy-and-rental-rate-s...Note LL, location, and property all have an impact on actual vacancy.  

If the investor chooses to invest in a notes fund, then the manager is doing all the work you described rather than the investor.And if the investor chooses well, that manager will have years more of experience than the investor can hope to ever attain (and will not make rookie mistakes which they might).

They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.