Last Tuesday I watched a property manager named Karen spend 45 minutes on the phone with a roofing contractor trying to get an updated certificate of insurance. She had a stack of maybe 30 more to go through. The contractor kept saying "I'll have my agent send it over" and Karen kept saying "you said that two weeks ago." I've been Karen. Thats exactly why I started building. The 13-hour black hole A 2023 survey from the National Apartment Association found that property managers handling 50+ vendor relationships spend an average of 13 hours per week just on insurance compliance paperwork. Chasing certificates, verifying coverage amounts, checking expiration dates, making sure additional insured endorsements are actually there. Thirteen hours. Every single week. Lets do some math that will make you uncomfortable. If your average property manager costs $35/hour fully loaded, thats $455 a week. Times 52 weeks, you're burning $23,660 a year per person just on COI admin.…