You could read 100 books and still not know enough because certain things must be learned through trial and error.

@Nathan Gesner I’ve learned through trial and error.

@Justin Holley it all depends and there is a lot of flexibility.Our PMC is able to pay insurance & taxes for owners as well as utilitieis on vacant & MF properties.The only thing we shy away from is mortgage payments - too much potential liability if we pay late due to our error or owner portfolio doesn't have needed funds.Pretty much anything specifically related to a property should probably be paid via the Property LLC for easier accounting/tracking.

I use to be a cop and all cops fall for sob stories when we are rookies.

We still get the odd theft from time to time but it's easy keeping a finger on the pulse when we only do 3-4 rehabs per month or so.Just had one recently but couldn't tell you when it happened prior to that.It's just the nature of the beast and could happen anywhere.At least we don't get car windows smashed by junkies and bags stolen from cars in broad daylight like in San Fran haha not many windows get Smashed Engelo everyone knows you simply keep them rolled down and dont lock your car leave nothing of value.. although you might find someone sleeping in your car.. but its a rookie move to lock your car up tight

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

How about covering errors and omissions, general liability, staff, phones, etc.?

:@Joe Splitrock turns out Cozy made an error and reported their failed payment, due to insufficient funds, to me as they had claimed fraud/disputed with their bank.

You could read 100 books and still not know enough because certain things must be learned through trial and error.

But many of those companies (Corelogic, Black Knight) get their data from error-prone sources as well.Data in the real estate world is poorly digitalized and structured, despite the best efforts of programs like RESO.