The tenant revenue covers the monitoring and creates a payback period that eventually recoups that installation fee and flips the system into Net Positive NOI.Regarding the Pilot:I'm actually looking to prove this "Net NOI" model on a pilot property here in DFW (10-20 units).

Many landlords site cost savings for DIY management.Others are correct in stating, "no one will manage your property like you", which can be both good & bad.DIY Management Strengths- Immediate decision making- Monitoring EVERYTHING as only a few doors- Relatively easy on Class A rentals, progresively gets harder with CLass B, then C, then DWeaknesses- May not have time to consistently monitor what's important- May not have the expertise to avoid Fair Housing issues, professional tenants, etc.- May not have the systems to avoid major issuesPMC Strengths- Multiple admin staff to better handle workload- More expertise (if you hire right PMC)- Have the "density" to invest in systems to get rentals more marketing exposure, better vendor pricing, better tenant screening tools, better delinquency solutions, etc.Weaknesses- May not pay attention to same metrics as owner- Getting more & more difficult for one person to know everything about 100+ doors- Bigger companies=> more red tape and right hand not knowing what left hand doing

(In case you're too young to catch this, I was referencing a classic song by Paul Simon)The starting point is who this bookkeeping will be for: yourself to monitor your business?

I need a comprehensive solution that can:• Track the property from the initial purchase through ongoing management• Record and categorize all rental expenses• Allow me to scan and store receipts digitally• Monitor additional costs associated with the properties• Track rental income and proceedsI would appreciate any recommendations or suggestions you might have. 

I usually target higher days on market MLS listings and go see them to address level of rehab needed and liklihood of accepting a lower offer.Off market deals are hard to really control, just need a good list of wholesellers and monitor it daily for potential deals. • Are you still finding off-market opportunities, or mostly MLS?

It didn't make sense for our market.The New "Asset Protection" Model:Now, we are focused purely on NOI Defense for owners.Instead of monitoring everything, we are just monitoring the "Portfolio Killers":Water Heaters (Burst protection)Washing Machines (Flood protection)The math I'm running is simple: Spend a one-time CapEx (~$340/unit) to install commercial-grade leak detection (LoRaWAN, no Wi-Fi reliance).

The security system is in place to serve the same purpose no matter whose renting  If it is shared-ie you live on the premises, then you may want to monitor the yard as you are living there. 

I have a mix of residential and commercial properties. I'd like to be able to manage both in a single software. Right now, I'm just using Google spreadsheets and it's getting tiresome.... I've never used any software ...

Clear protocols ensure employees know when to disengage, how to alert authorities, and how to protect patrons until help arrives.These procedures are designed to reduce confusion, speed response time, and ensure that support is on the way while prioritizing the safety of both customers and employees.Attentive Store OversightNothing replaces the presence and attention of an engaged owner or attendant.Regular walkthroughs, prompt repairs, and clean floors send a powerful message: this business is monitored and cared for.

The pros of keeping it are the professional monitoring, immediate dispatch if there’s a break-in, and the fact that you don’t have to rebuild your setup from scratch.