I know I need accountability, help, guidance to be on track.

But if you decide to self-manage, you need to consider (at least):-management software (rent management, communications, maintenance requests and tracking, etc.)

.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.

Additionally, they should be using a lead generation and tracking software programs so that details can be seen of where leads are coming from and at what stage they are lost. 

It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions. 

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

This approach allowed us to proceed swiftly and efficiently, ensuring the project stayed on track.

This article covers it in-depth with some examples:https://support.innago.com/en/articles/4281933-funds-process...And this one shows how to track it in Innago itself: https://support.innago.com/en/articles/7946510-how-can-i-tra...

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

The tenant has been reliable and has a track record of paying rent on time, and he is also motivated to find a buyer so that he doesn't have to move.Cash Flow Calculations: Estimated property value = $590k.