I’ve done some of my own calculations but since this is unique and the money wouldn’t pay down the mortgage I’m requesting some additional analysis.

Hey everyone,I’m a small real estate investor (5-door portfolio) and I’ve been struggling with somethingHow do you actually track the major systems in your properties?

Tomorrow I’m walking my first true heavy, systems-driven BRRRR in Cincinnati.I’ve owned buy-and-hold rentals for years, but this one is different:•Double-layer roof at end of life•Knob & tube present•Foundation cracking + grading issues•Water intrusion in basement•Safety and code upgrades neededThis isn’t cosmetic.

It’s the system surrounding it.A property is static.

1) Have an online app where prospects can schedule a showing 24/7/365 - you control days & times of appointments.2) Have an access system that allows unique access codes for each showing appointment.3) Address potential theft by:- Requiring a copy of acceptable ID- Use geo-fencing to confirm the cell phone used to schedule the appointment is the same one at the property before giving out the code.- Confirm no doors or windows left open during showing, so thief can return later 😣- Security cameras with motion sensorsPMCs are doing this all over the country!

2️⃣ Do older duplexes in this area typically perform well long term if systems are updated?

Having to collect our own payments, terrible phone support (not unique to channel), worse email support.  

I built a system that cross-references listing data against county records, tax trajectories, insurance markets, environmental databases, and and economic signals that don't show up on any listing page.Here are 3 real properties from the scan.

@Cory WakeI don’t think this is unique to senior housing at all.

As someone starts to grow and scale, your systems are going to either be your best friend or be your downfall.