We’ve been managing properties in Austin, Texas since 2007. Over this time we’ve seen just about everything. While maintenance, good and bad tenants, legislation and even a pandemic have happened, investing in single family residential properties has never been so attractive. These properties provide a substantial hedge against inflation, enabling the use of leverage through mortgages and increasing returns and tax advantages for rental property owners.
To be a successful investor, in all arenas, you should have stated goals, timelines and expectations. This provides parameters so that measurements have context and can be monitored over the course of the investment. From there, alongside your property management partner, we can create and deploy Key Performance Indicators to track your real estate investment data and our progress toward success. However, we rarely see investors enter into single family residential investing with any of these in writing or the reports necessary to monitor their investments.
That’s where the REI Monitor comes in.
REI Monitor is an integrated solution that collects your rental property data and provides you with the ability to evaluate your key performance indicators and track the success of your investment.
It provides the actual Return on Equity of your investment in real time. You can monitor vacancy, maintenance expenses and delinquent income. You can even create projections and set new goals by manually inputting and changing the data.
Because 87% or more of single family residential investors have only 1-3 properties and thus do not invest as a profession.
Because single family residential investors currently have almost no tools available to evaluate and track their investments.
Because solutions must be able to show numbers of varying periods of time so that investors can analyze by month, as well as trends and productivity over time.
You must partner with a participating professional property manager in order to get all the benefits of the solution. Once you onboard with your property manager, they will automatically integrate your property data to populate into your new investment health dashboard.
Once you sign our client agreement, we begin the process of onboarding you and your property into our state-of-the-art property management software. We will collect all of the necessary data about the purchase and management of your property. The data is then automatically integrated into the REI Monitor, which delivers your health dashboard. But you may also manually update the data in the REI Monitor tool dashboard once you’ve received access.
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