@bob malecki - I pay a service under $10 per year per asset to monitor taxes for me.

Although we are not personally involved, we'll be sure to monitor it closely to see how it plays out and use it as a learning tool. 

If you are not there to monitor the work, things can quickly get out of hand like they did in Spencer's case. 

For the out-of-state investors, how do you manage and monitor your rehab work from long distance without traveling to the site on a regular basis?

Its possible we might need a few helical piers installed in the coming years, but as long as we're monitoring any/all movement in the foundation, I've been told installation of those piers would probably only run somewhere around $6-10K.  

Hi @Easton Curtis,Great post and great questions.We manage many multifamily homes and I help my clients purchase them, add value and then monitor the investment.The answer to your first question is: Use everything!

Although there is a monitor heater in each unit that runs off propane which the owner pays.

What safeguards do you have in place to monitor your numbers on a daily, weekly, and monthly basis?

Fast forward to August of 2020, I now have my brokers license which I use to monitor the Denver market for deals, and I saw what appeared to be a opportunity that seemed too good to be true.

Investors with multiple rental locations; do you have an app that monitors asset health (HVAC, security systems, pool pumps, etc.) regardless of manufacturer or location onto one dashboard and sends you alerts when equipment fails?