(Mistake #3, not monitoring it myself or being a more sophisticated system.).

This is why clients need to stay in touch with us and monitor the tides in these human affairs. 

It will take a huge amount of work to upgrade the property which has not been properly maintained, so we'll be doing a lot of infrastructure rehab including adding HVAC/AC, upgrading the wiring, and bringing the old floors back to life.

If you have a larger portfolio & some infrastructure behind you it can be nice because you can off set your losses with all of your gains.

A good PM should be on top of this and not simply ride out the market shifts.Technology & Reporting: What tools do they use to monitor guest interactions, maintenance, and property performance?

Just make sure you have a solid team and monitor the projects closely. 

I think mid South has grown without placing the proper personnel infrastructure that they absolutely need to run these projects. 

Only nearby city that rivals it is Amarillo (2.5hr drive north) and it does not have anywhere near the education infrastructure or $$$ inflow Lubbock has (at least not yet) with Texas Tech and associated schools, SPCC, LCU.

You need to know the market well, have enough reserves for inevitable expenses, and closely monitor the asset’s performance.

Kinda hard to tell when someone leaves if they're always on the road anyway (I think I saw him once after they started renting) and I can't be there everyday to monitor the situation and they don't tell me otherwise.