They may not be as nice as I like when I buy them but after the first round of renovations the majority of the work has been done and most run pretty much on auto pilot after that.

The best part is they are buying these homes with a little as 5% down, they are being taught how to self manage,  and are given the systems to be on auto pilot with out having to hire PM.  

I believe a lot of the “buy here pay here” auto lots used it.This may be in your loan terms and is the reason you owe more than the original loan, after making payments for years.  

Please disregard the bad grammatics I'm in my car dictating through this on Android auto so some of it's coming out kind of garbled I'm sorry but I think you got my point

It's capability, the exact same argument for a person working on there auto vs going to an auto shop.     

It auto renews.It's worth every penny to me as they keep my calendar full.

I found the best solution was to set up auto pays for all the accounts and then make a google doc with all the info broken down by property for periodic reviews.

@Jeremi Ramos do an addendum to your PMA that has all the Portfolios and Buildings on it.Be sure to include language though, that allows you to auto-transfer funds between the Portfolios/LLCs to cover your management expenses.Otherwise an owner could screw you on fees by letting portfolios go negative on their balances.

At this point, businesses are doing well with many new contracts and the port improvements (if that actually happens and isn’t just an election year promise)Our long terms have also been mostly on auto pilot, but our STR has performed well since launching mid-July.  

Many of these make more profit on a bottle of soda than on 10 gallons of gas.The other model is Gas + auto repair / inspection / sales.