If you see a need and you can fill that need why not add on additional income streams!

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.  

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.

Thanks for your advicea nd I am going to re-make that list w/my additional duties I have done to add to the list :)Quote from @Drew Sygit: @Megan Jones many bosses are so busy with their own work, they fail to fully understand what their staff actually does!

These are professionals with additional training and a stricter code of ethics.

If rent is still not received by the tenth of the month, an additional $100 late fee is imposed, PLUS you file on them the same day. 

Rental properties are excluded from 50a6 law however lenders sometimes chose to follow it still as an overlay (additional layer) to provide protection because sometimes borrowers falsy their occupancy to exclude them from 50a6 law (like saying you dont live there and pretend living elsewhere when you in fact do as a borrower live at the aforementioned property).

Think of potential pain points or ongoing vendor tasks that you can keep an eye on remotely with cameras in addition to security.

Additionally, I wanted an easy investment since I felt like I was not ready to take on the rehab portion.

If there aren't issues with this and it wouldn't be too much extra work, I'm really just looking for an additional tool to incentivize our borrowers/purchasers to keep paying timely each month.