We monitor two things: market rent increases and wage increases.

Monitor at will or, never at all.

Most of the cost is in monitoring and overhead of these companies.  

There is no practical way to monitor what they are doing in the property!

@Michael Kopa First, read your contract for the termination requirements and fees.Follow what's required.Try to get everything you can from the current PMC BEFORE letting them know about termination:- Lease- Rent Ledger- Any application info they can legally give you- Any data about the propertyThen start termination process.Then do an intro email between the old & new PMCs, so you can monitor how the old PMC is cooperating.

I found this property through the MLS while actively monitoring listings in high-growth areas of North Georgia.

I found this property through the MLS while actively monitoring listings in high-growth areas of North Georgia.

How much personal time did you spent monitoring, executing the rehab?

It works fine for now but it doesn't scale well.I’d like to hear from those of you with five units or more, what tools or systems are you using to stay on top of your finances and monitor your portfolio performance?

I've had to constantly monitor my property managers, turnover times, expenses, etc.