I am unable to see the applications that have been submitted, as Nomad Lease takes an excessive amount of time to process and review them.

You then must submit the remaining $95,000 via certified funds within 24 hours of winning the auction.  

What property management software you guys are using, and how much are you paying for it?

Check out Antoine Martel, he has a software and coaching program called Flip System where they hand hold beginner real estate investors through the turnkey process they have completed over 1000 times.The process is typically stressful, teams on the ground are hard to assemble, there are many simultaneous moving parts, and time and capital invested isn't guaranteed to generate a return.

In early march I submitted all the documents they needed from me expecting some follow-up.

@Sachin ReliaI know they just launched a new reit 2, in their last reit they have yet to submit their audited financials from 2022 (due by April 30th) or their semi annual report for 2023 (due by September 30th)They also have switched auditing firms in this new venture….I would ask them the status of the above.

Hey @Brandon Turner,I am part of David's team at International Coffee Farms.We have wanted to do something with you for about 2 years now and we have submitted 2 or 3 requests in that same time to have David on the show.We have spoken to your team as well but have yet to receive an invite.If you would like to have David on the show to elaborate more about the topics brought up by the forum posters in this thread we would be happy to help set it up.

Other ways (off the top of my head):- Dedicated Revenue Manager on top of dynamic pricing software- 24/7 guest support- Vendor discounts (i.e. roof replacements, AC repairs, etc)As a new PM I think it is important to highlight where you add value instead of battling on price. 

Most PMC software is set up for electronic rent payments by tenants that automatically updates rent ledgers. 

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.