All Forum Posts by: Adam Bartomeo

Self-managing is a learning experience and takes research to stay out of trouble. Knowing the laws is vital to avoid the pitfalls that come with being a landlord. Having a solid lease and know the lease is also very important.

The far majority of our reviews are from our owners and they are all 5 Stars. I think a tool that you are describing will be difficult to implement and track. Most PM's don't know their vacancy rate much less maintenance turnaround time. Having the tools to tack these metrics would be costly. I do agree that there are a lot of FAKE PM's out there and there needs to be a way to find them.

We charge $0 to the tenant and $60 to the owner. This is enough to cover the cost of the renewal.

The number is typically 5 but it sounds like you can manage more. 

We never add automatic increases. Increases should be made by doing a market analysis and adjusting based on the trends of the market. 

Advice... buy while things are on sale because they will not remain that way. The market will come back like it always does.

The seller does not have to disclose that the tenant isn't paying. Now, if they were asked to provide documentation, tenant ledger, and they changed what the ledger said, then you have a case. My guess is that you and your agent didn't know to ask for this.

So, you want your PM to do the dirty work and then ditch them? Very unethical...

@Sara Szo Personally, I am not a fan of STR's. It is a great time to buy for equity but not cash flow. I am buying houses still and putting long term tenants in them

An ounce of prevention...

@Ruchit Patel Thanks for reaching out. Yes, unfortunately, there are a lot of people like you who were taken advantage of Rent to Retirement and the builders they employed. I will do what I can to help.