I have to spend a lot of time on identifying the right managers and deals, monitoring them, which isn't my idea of passive.On the plus side, if I can figure out DST 1031 and find trustworthy managers, I can rinse and repeat with my other properties with the same process. 

Mine can set door codes, message (or call) guests, schedule cleaners, adjust the thermostat, monitor my cameras, & call a plumber just as easily as a local PM can, for 1% of the costHire good cleaners, a solid handyman & befriend some helpful neighbors.

After all the role of Project manager by definition includes being responsible for monitoring, managing, controlling and closing a project.

The secret is due diligence + monitoring + diplomacy.Hope you next business partners will be better.

Do you charge for monitoring and maintaining vacant units?

I live in California so I am not able to monitor the health of the tree on a frequent basis.

Security cameras and signs showing that the property is actively monitored.

Hi @Joe YobaccioOur current note buyers use us a) for initial due diligence and b) to monitor the properties with notes they already own.While we do have some very basic note criteria today (position, ltv, amount, lender name), we've never claimed those alone are sufficient for note buyers.

They all have central authorities and boards to monitor, oversee and regulate the people that take part in these industries.  

I monitor local (within 2-4 blocks) areas to see what is being charged for similar bedroom/bath units, and will typically be on the higher end of those price points.