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. 

My agent assured me that she would confirm with the HOA.After an hour, she informed me that the HOA allowed monthly rentals.She also mentioned that the HOA documents would only be provided on the closing day.However, on the closing day, I received a letter from the HOA stating that I could only rent the property twice per year.I agree this has been a very expensive lesson.

It would take a good six months to a year to develop a good relationship with a probate attorney and they are more likely to build a relationship with a real estate agent first so they can confirm the value before giving their clients any advice on disposition.

Does anyone have any experience with this software?  

Then we started slowly moving our tenants over to another software and canceled RentRedi last month.

Vacancy: I know it is prudent to be conservative with vacancy, but I have confirmed with the tenant he wants sign a lease for a minimum of 2 years and potentially up to 5 years.

I also know some folks who have over 100 doors and still self manage...and others who use submission forms through software like Appfolio.Frequency and cost depends on many factors however it seems I get more requests than usually right around the 1st of the month when rent is due :)

Hi Yesenia, you'll likely want to determine your strategy and then confirm which financing option works best for that deal as there is a wide range of options out there.

Currently conducting research and finding that most software is limited when it comest to:• Current Equity in the property• Updated Appraisal Value• Updated FTV %Reonomy has some of this information IF there is a CMBS loan; however, it only shows the appraisal value at the time the load was issued... so, it was issued in 2019 thats where the appraisal value stops, leaving a 5 year gap.

Vacancy: I know it is prudent to be conservative with vacancy, but I have confirmed with the tenant he wants sign a lease for a minimum of 2 years and potentially up to 5 years.