Hey everyone,For those in the real estate game, how do you track your property expenses, labor, and other details during the renovation process, especially when managing multiple properties simultaneously (e.g., 3-5 houses)?

Other option is to continue down the self storage facility path, do nothing, or list it. 

You don’t want to manage passwords, have guests making purchases against your account, have your account locked out, or explain to your cleaner how to find the % character on a 9 button TV remote do you? 

For my PMC's and self-managing landlords in and around Nashville, where have you found the most success when it comes to marketing your rental property? 

Build a team with local contractors and use property management software.

Normally the manager works directly for you rather than another company.

So you’re saying you’d be collecting more rent (92% of $1,000/mo or $920 instead of $800, or $825, or $875.) if you were using a property manager?

These include accidents (I recently had 2 units destroyed by fire), natural disasters (I have had two units each hit by 2 hurricanes), property management turn over (they sell or stop being as good, I have experienced both), or turn over of team (I am turning over at handyman and I suspect plumber), or just wear n tear of property (slab leak in poor location, sewer pipes rotted out (one unit this month), roof, foundation issue, etc.).  

Learned how to manage conversations and creative financing.

I lived in this property for two years and have been renting it out and managing it remotely for the past 3+ years.