When my handyman came to the property, I would give him the list and a credit card, and he would spend the afternoon driving back and forth to Home Depot.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $390,000

Sale price: $425,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with o...

It’s a 3 hour drive one way.

If 2x, 3x, 10x the # of burger trucks flood onto a given street to offer burgers to the people, to meet demand 1:1 it has an economic effect of competion driving prices to REMOVE any bloat, any false margins, right.

For two reasons I could drive to the property anytime and handle whatever myself - I did not have a team in place to do what was needed to make the investment Successful and the second reason was control. 

Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system:  ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?

I was thinking of properties that were more 3-4 hour drive away rather than the midwest but I can still have these same issues. 

I can post on my social media and drive 50-60 additional people through one of my open houses.

There is a hospital (First Health Moore Regional) near my location; I would think traveling nurses would want somewhere safe, quiet, and not too far away (easy drive) from the hospital they're working at.  

Our partner, Kim Morris, identified the Devon Drive deal and brought it to our attention.