You should be receiving some type of quarterly statement from the GPs of the deal showing how they are doing and what the NAV of your LP ownership is, including income you've received.

I can get a great beach front house, one warm waters (Gulf Coast) with pool, 3K sqft, maid's quarters, in trendy area, very new high end finishes for about $2.7m USD.

Doubt things stay linear, but we need market suppression for at least 2 quarters and/or into non-peak times during RE--at minimum 2 quarters.

We will remove Q3 2019 because for some reason the data on our MLS is missing some quarters of mobile home data from that year but $42,000 was the median sales price of Mobile homes sold, we hit a peak of $89,000 in Q3 2021 but have stabilized with higher rates and a real estate slow down to between 79,000-85,000 this most recent quarter.That is a 49% increase from Q4 2019 to Q3 2023, averaging it is almost 10% per year!

Some are monthly, some are quarterly.

No experience with the 2 you mentioned, but I'm a fan of paying the year so I don't forget next month/quarter and the coverage lapses.

We have 3 decks overlooking the lake so it is important to keep up on that stuff.Of course you can always pay the handy person to do a quarterly walk through.

We do have our account reconciliations audited by a 3rd party quarterly, which helps catch errors before they impact our clients.Highly recommend any owner dealing with a PMC discuss with their PMC and their tax professional, or an expert like @Sean O'Keefe, about how to improve processes and communications to make this process smoother:)

It's not a perfect gauge of demand because you don't know how long each guest stayed and in my experience anywhere from a quarter to a third of guests don't leave reviews anyway.

And have you incorporated an annual, semi or quarterly distribution?