All Forum Posts by: Joshua Stein

I'm one year into having a property manager take over one of our properties, it's mainly great because that income is now (almost) truly passive - probably requires less than 1 hr of time each month.

However, my PM seems to have had a bit of trouble scaling. I'll ask for them to do something (HVAC tune-up, turn off exterior water before winter, etc) and, while they'll initially acknowledge the email, I usually have to follow up multiple times to confirm the task is completed.

Is this a pattern with most PMs? What are your general expectations of a PM and when/how do you generally know it's time to look for a new one?

I'm trying to gauge if I'm being too type A and need to let go a bit, or if I'm underestimating what a PM should do.

 Well said, my feelings exactly. I self-managed initially but once we moved out of state it seemed too risky to not hire a dedicated PM

I ended up just going without a lease, which probably isn't a good idea in theory - but the guy has been a close friend since grade school so I figured minimal risk.

People kept telling me to find a lodger agreement, but I couldn't find a good template. Maybe just do a lease and heavily edit it so it talks about a single bedroom.

Hey there - I just bought a house hack duplex and I’ll have a buddy renting a room in the unit I’m occupying.

How have you guys handled this with lease? I was writing up the lease and it would sound like he’s renting the whole thing - did you specify a room or living area?

My realtor said I could look at what’s called a “lodger agreement” but I can’t find a template online of that to save my life.

What do you guys think?