This is particularly important as I prefer to self-manage properties, and accurate cost estimations are crucial for maintaining profitability.Scalability: These rules help in maintaining a consistent evaluation metric across multiple properties and markets, aiding in scaling my portfolio systematically.That said, I understand that each investment should be evaluated on its own merits and that these rules may not capture the full picture.

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.

Capture value.

You keep the low interest payment, yet still capture the equity to be able to buy more properties. 

every deal they capture, the managers buy if its an actual deal.They have been in business FAR too long to still be using "agents" who aren't even agents and turning them over constantly.

.) - Integration with lead capturing platforms including websites and social media- Workflow/transaction management systems that serve as a checklist to help you remember and organize the 5,000 different things you are working on for your various clients - Monthly pricing in the range of $10-$60/month Platforms such as Top Producer seem to be industry staples but there are several new(er) systems like Zoho that seem to offer interesting features as well. 

You now have created a net to capture the inventory in a market and get it analyzed and then try to pick out the gems. 

It can also capture damage to the property for which the tenant will be responsible so they don't claim it was in that condition when they moved in.

My top reasons are:- Current income- Hope of price appreciation- Vacation home to go to- Store of value/hedge against inflationOne other reason for me that I am not sure is captured in the original list is that STRs is what my market gave me.

Use professional photos and consider drone shots to capture the beauty of the property from above.Create an Inviting Outdoor Space: Set up comfortable seating areas by the lake or on the deck.