Additionally, are there any other rules of thumb or key indicators you would recommend monitoring to ensure operational efficiency and profitability?

Investors simply monitor the properties as the auction date draws closer and then about 2 weeks before the auction date they begin their due diligence in earnest. 24 hours before the auction the Public Trustee creates a finalized list and publishes it on their site with what the opening big will be .

I would leave sound recording off but want to monitor video.My cars along with multiple neighbors cars have been badly keyed recently and I have a very problematic tenant as well.If anyone has any advise who I could contact in regards to these questions it would be greatly appreciated.

We had discussed raising the rents earlier however due to the fact that I added an alarm monitoring service and we had come to an agreement that they would pay for that service.So I am thinking I will just raise it to the amount previously discussed ($25 increase to a $1000 rent) and not raise it any additional amount for the month-to-month lease.

Jake Armstrong Just purchased a 2 cam system with monitor for $149 on sale from BJ's Wholesale.

That could imply that YOU are “monitoring” for fire.

might be a good idea to set up cameras throughout the property to monitor what the tenants are doing the in common areas (ie. kitchen living room etc)

I'm also thinking that a street patrol would help as well in some of these neighborhoods and MAYBE I could get some of the neighborhoods to chip in on the service so that particular street could have 24/7 patrol- Or creating the service myself eventually to monitor all of my properties in the Detroit area.

The phone number posted goes to a voice mail box which appears to not be monitored. 

Finally, similar to the stock market, all real estate markets move through market cycles so it's worth monitoring market cycles (see the research of Dr.