I've seen tenants push back hard on reconciliations for items that were clearly in the lease just because the landlord couldn't produce the math.Second, understand the tenant's business, not just the credit.

In order to accomplish their job, much like an investor planning a rehab, they need to make an accurate assessment of what is needed and when; get bids and find quality contractors; and most importantly, do so with a written Annual Budget, and a Reserve Funding Plan, that are complete and accurate in order to use those numbers to determine the monthly fees, with built-in adjustments to stay on plan for 20 plus years into the future.As an investor, you need to be able to look at that Budget, and the Reserve Funding Plan, and along with your general visual assessment of the overall project, understand what the TRUE financial status is of the project. 

Not Understanding Landlord-Tenant Laws - Many self-managers don't realize how specific landlord laws are.

I have an understanding and feel of the city's neighborhoods, what makes each one unique, and why certain areas stand out for different investment strategies.

The key is choosing a CPA who understands real estate beyond basic tax filing.

Why is Property Class so important for investors to understand and apply in their investing strategies?

Learn how to analyze deals, understand financing, study market cycles.

But it’s important to understand what the role actually is.

I understand that time is money, but I also have a problem giving someone $1000 for 1 hr of their time.

I’m genuinely interested in understanding where current systems create friction for operators.Appreciate the discussion and any insight you’re willing to share.