Here are some of the highlights: quickly set up bank accounts for each property and sub-accounts under those for things like security deposits and CapEx; virtual credit cards tied to each property; quick transfer of funds; ability to send money back and forth to tenants (some platforms are for collection only but won't let you send your refundable deposits back to your tenants); easily categorize every transaction into IRS Schedule E categories for reporting taxes; ability to split transactions; tenant management from vetting to drafting lease agreements to collecting rent.

@Kyle Mitchell- pricing for a 2nd home ( vacation home )  is  virtually the same as  pricing for a rental proeprty these days .

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

Rental market in NYC moves pretty quickly and will be hard to coordinate from out of state, unless they're ok with their broker doing virtual face-time tours. 

Virtually every lease has a clause in it about reasonable access by the landlord or others.

I see the same things from borrowers or those that take on mortgages.understand the concept.. but did not read much of the 30 page Mortgage document.Or read and understand the note.With so many of the larger HML or DSCR loans being backed or bought by wall street firms you know their lawyers are creating these documents and I suspect virtually no one reads every clause in them and or understands what they mean in relationship to the transaction and what your signing.

Any suggestions on a VOIP phone service? (Not dialers like mojo) I tried Better Voice but didn't like their mobile app. Basically just something where I can have a few numbers, setup an IVR, and have a few key presses...

Virtual Showings: Are virtual tours and open houses becoming a staple in your selling process?

Technological advancements are reshaping the real estate industry for investors in various ways:Data Analytics: Advanced tools offer insights into market trends and investment opportunities, aiding informed decision-making and risk assessment.Virtual Reality (VR) and Augmented Reality (AR): Remote property exploration with virtual tours saves time and resources, attracting potential buyers or tenants and expediting transactions.Blockchain: Secure transactions via smart contracts reduce intermediaries, costs, and fraud risks in property dealings.Online Platforms and Marketplaces: Digital platforms broaden access to properties, investment options, and real-time market data, enhancing efficiency and transparency.Artificial Intelligence (AI): AI algorithms predict market trends, identify investment opportunities, and personalize recommendations based on investor preferences.Internet of Things (IoT): IoT devices provide real-time data on property performance, enabling cost reduction, efficiency improvements, and better tenant satisfaction.Crowdfunding Platforms: Real estate crowdfunding democratizes investment access, allowing smaller investors to participate in projects previously out of reach.In summary, embracing these innovations enhances efficiency, transparency, and accessibility in real estate investment, enabling investors to capitalize on emerging opportunities and stay competitive in the market.Thanks!

The bay front development is a virtual certainty to lift area.