I have operated in the TK space now for 16 years and have a lot of good contacts and intel for you. 

I'm not really sure about that part yet.Moving forward, I have a lot of things to think about and any little shred of advice or insight is beyond helpful, so feel free to reach out and chat here or via Instagram or email.Thanks BP Fam!

Some common names you'll see thrown around a lot: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend you search for each of those apps online and see what they offer, how much they charge, etc.

My wife Andrea own over 100 rental properties in Metro-Detroit...We chased this 16 unit down for TWO YEARS before finally getting the owner to sell it to us back in 2022.It had A LOT of work that needed to be done:- Tenants weren't paying rent on time or at all.- Units were completely outdated and had deferred maintenace.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

I know that there is a lot of unpack here, but it seems a shame to have to pay property taxes on the higher value when Dad will still be the main resident for the balance of his life.  

But maybe this does....sounds like a lot of work though , unless he has a PM...and then there go a lot of the profits.You're just seeing the $300 x 20 = $6000, right?

I look for propertys and then go to dealcheck.io run the numbers all are negative cash flow by alot of money.

I would say as a GP, technology has been super helpful in managing our cap table and issuance of distributions along with making it a lot easier to streamline the process of investor signing documents and sending $.

And you learn a lot.

I think a lot of these forum posters are beginners giving other beginners advice.