If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Turnkey operators don't work like that and they are more like a broker collecting a fee for their work (regardless of the long-term performance).

Make sure that you understand the terms of the loan, and that the loan documents are accurate.

For instance, if a sponsor’s in-house PM charges 4% when the market rate is 2.5-3%, you need to assess whether those additional costs are justified by superior performance or could erode your returns.Ultimately, it's not just about the numbers or the spin—it’s about the expertise and judgment of the capital allocator.

Either way, for THREE units, $1,231.20 seems far too low to accurately reflect your annual repair and maintenance expenses.3.

@Vy LeRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Then, they blame everyone, but their own lack of research, for property/tenant performance not being what they came up with on paper:(

They want to know about the performance of the in house property management and may be able to offer a solution.

I assume (a risk, I know) that the original poster is referring to conditions at a parcel of real estate and the improvements thereon, and the ownership of the subject real estate is held by a land trust, probably an Illinois land trust (which is a specific type of trust, not one limited to real estate in Illinois or which itself is located in Illinois), and the poster assumed that his ownership interest was sheltered, or his liability limited.Are those assumptions accurate?

If given a choice between one paid-in-full property and two identical properties with 50% leverage, the latter will always out perform in the long run.