., maintenance, utilities, property management fees) for clarity and organization.Utilize Digital Expense Tracking Tools:Implement specialized property management software to streamline expense tracking.Leverage cloud-based platforms for real-time access to financial data and collaboration with stakeholders.Capture and Document All Expenses:Develop a systematic process for capturing and documenting all property-related expenses.Keep digital or physical receipts organized and easily accessible for auditing and reporting purposes.Implement a Purchase Order System:Introduce a purchase order system to authorize and track expenditures.Ensure that all expenses align with budgetary constraints and are pre-approved to avoid surprises.Regularly Reconcile Bank Statements:Reconcile bank statements monthly to verify that recorded expenses match actual transactions.Promptly address any discrepancies and investigate the root causes to maintain financial accuracy.Track Capital Expenses vs.

Personally, I would keep the home, get some high quality tenants, and try to find the root of the issues.

I have roots in Michigan, so it made sense from that perspective.Generally though you want to invest where it makes the most sense.

I'm not sure they address the root cause of Tulum's recent problems. 

.🌟 But if you dig down to the root of why most folks are here on BiggerPockets, the primary reason for 95% of us AT FIRST is because we want to achieve financial freedom.⛓️ No more "requesting time off".No more 40hr+ work weeks.No more having someone else dictate your schedule, dress code, or location.FREEDOM.🤩 Investing in inexpensive, cashflowing 4plexes in the Midwest helped me to achieve financial freedom just TWO YEARS out of college

We've run into a couple times already and we don't even have permits yet.In one case, an arborist is making us mark a tree and wait 10 days for comments/complaints -- we're not even removing the tree though...the root system will be impacted by 30% during construction, which *could* eventually lead to the tree dying.

So, in that I am rooting for strong economy.

A $300 water bill sounds crazy expensive for 2 units in Baltimore City, I suggest focusing your efforts on determining the root cause first.  

My name is Christopher Ward, a new real estate investor based in Harrodsburg, Kentucky, with roots in Louisville and time spent in Lexington.

The Korean and Indians are an interesting demographics as these groups will tend to migrate towards the opportunistic states more so than the Chinese and Japanese who set their deep roots in the established mature cities like NY, LA, and San Francisco.