Here’s the investment details10k for revamp and fully furnishing 5k upfront fee for design and management $500 flat fee for the managementFYI I have already spent like 15k on the property 2.5 years ago to set up.Thanks for looking into this.

It will cost about $600.I wonder if I have spent the money too soon.I am not an expert in pest control.What if the tenant left a door open or something, and a few rodents slipped in?

I'm looking for a spreadsheet or tool to use an example to log and track hours spent on real estate Managment.

Affiliate MarketingAn experienced consultant can help determine a budget, which type or types of marketing to spent it on, your target customer, how much time per day you spent on online marketing, and coordinate a website, blog, forum participation, paid advertising, generic advertising, and measure the success of each campaign.For those of us who started 15 years ago, and tried each new market type as it unfolded, we have a pretty good idea of where to spend our money and time.

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

I can tell you we spent all of last years earnings rehabbing properties this year, so if you're trying to replace your income make sure you're making a significant amount more than what your actual income is to offset unexpected expenses like a flood, or vacancies for extended periods of time.

I have already spent $1000 on my 2022 taxes ($500 for the first CPA and $500 to have them amended), plus $3700 for the cost seg study and change in accounting forms, so it is hard to get excited about spending more with no possible return. 

I don't invest in multi-family properties myself but one of the Bigger Pockets frequent contributors on these threads is Brian Burke, who quite literally wrote the book on this, I am buying a copy myself, but please read, i think an ebook available too, I do passive investing only in multi-tenant triple net retail but have spent hundreds of hours doing my own due diligence.

Don't risk:High employee turnover due to frustration and inefficiency.Poor customer reviews that damage your reputation.Wasted time and money spent on repetitive tasks and fixing errors.AutoOps Success Stories:Our clients have seen incredible results.

I'm done - for all the money spent on inspections, sewer line scopes, etc.