This may reflect the pessimism of hard-won experience.

I agree, great thread, with tons of info to reflect on- some of which can be applied.

But thank you for the tip, I've now updated my rules to reflect this.Definitely the right choice to tighten your requirements for instant booking.  

This means that as the laws change, your plan must generally be amended to reflect the changes.So I'm wondering if you just paid someone one time fee to set up the plan, who is helping you keep it up to date (IRS-compliant)? 

Chances are tax returns won't reflect this if it is this new.

We tried proposing alternate arrangements where the PM would be rewarded for lease renewals and improved operating efficiency, but none were willing to go there and most were not even interested.At this point, we've begun grooming an in-house resource as it appears this will be the only way we can get the type of PM which reflects our values.

This has inspired me to add an auto-reply in my prop mgmt software to say the price reflects all discounts.

From my research it seemed as if the two leaders were AppFolio and buildium but the price reflected this. 

The IRR shows the time value of money, and it reflects cash flows based on present values.

After you accumulate knowledge and practice enough to the point it's easier for you to accomplish your tasks than to fail them, reflect on what you learned by networking with other like-minded people (on this forum especially).