Short excerpt from a YouTube video (title: "Having Boots On the Ground is a Game Changer!") where the speaker (Mark Simpson) describes requirements for managing long-distance assets. Key points: use Exemplified for profit-and-loss statements; 'boots on the ground' requirements are primarily housekeeping and a maintenance arm, while other tasks (guest communications, vendor/investor relations) can be handled remotely.
And she oversees a lot of the different functions within the management business. Use a company called Exemplified to do all of our profit and loss statements for the owners. So the only two things you need in terms of boots on the ground if you're going to manage any assets that are long distance are you need housekeeping and you need a good maintenance arm. And so if you have those two things, everything else can be done remotely in terms of the guest communications, the vendor relations, investor relations, all that sort of thing.
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