I am having trouble with my borrower, and this experience is serving an in depth master class learning experience  ;-)  I may have to move forward with a foreclosure.Within the context of what you have outlined, what then is the difference between Mortgagee/Loss Payee vs.

Then, you'll match that journal entry to the bank feed deposit within Stessa that will most likely flow through your bank account in early October.This method allows you to clearly see your income less all applicable expenses per month per property within your master accounting software.Doing this also has the added benefit of allowing you to catch any mistakes made by the PM as well (we catch mistakes all the time for our Clients that would have otherwise cost them money).Does that make sense?

One where the guest left the freezer door ajar and it cause a freeze up of the bottom edge of the door seal.One for a clog in the master bath shower drain.

With Nomad, you're paying a lot of extra money for a guarantee that is not necessary with skilled and experienced property management combined with masterful recommendations for property condition; i.e. what a property needs in order to be rent-ready to the degree that qualified candidates will be attracted to rent the property. 

I have a unit that has a a 10x12 room with a window but no closet that you walk through to get to the master.

@Ethan Griffel , I recommend reading the book “Mastering the Market Cycle” by Howard Marks.

For instance, owning a property for 10 years could mean significantly less debt and more cash in your pocket.Learning: Investing takes time to master.

Now, how do I master this?

Key for todays market is knowing your strategy with ultra detailed methodical planning, supported by solid data for viability, master of analysis, and action ready on the drop of a dime.

I look forward to learning from you all as I strive to master this element of real estate.