All Forum Posts by: Pedro Andrade

Hi Amy,

Both strategies can work well, but renting out rooms in a large home comes with a unique set of pros and cons:

✅ Pros:

• Typically lower purchase prices than multi-family properties.
• Potentially higher cash flow if rooms are rented individually.
• Easier financing compared to multi-family properties.

❌ Cons:

• Higher tenant turnover and potential roommate conflicts.
• Zoning or HOA restrictions in some areas.
• Managing multiple leases within one property can be challenging.

If you’re leaning toward this strategy, it’s important to set clear house rules, screen tenants carefully, and have a solid management plan in place. I’ve worked with investors who do both—happy to share insights or help you explore options!

Hello,

Full disclosure—I’m the Business Development Manager at TrueNest, so I’ll admit I’m a bit biased.

That said, if I were in your position, here’s exactly what I’d do when searching for a property manager in South Florida:

Video Version: 5 Questions to ask a PM

"Choosing a property manager isn’t about picking the cheapest—it’s about finding the one who will maximize your profits and protect your investment. To help you compare apples to apples, here are the 5 critical questions you should ask before hiring any property manager."

Question 1: How Do You Market My Property?

"Did you know 80%+ of tenants come from working with realtors? If your property manager doesn’t have strong relationships and market your property on top platforms, it could sit vacant for months, costing you money."

Question 2: How Do You Screen Tenants?

"Tenant screening isn’t just a basic background check—it’s about data-driven analysis of rental history, income, credit, and eviction records. Make sure your PM has a strict process to avoid costly evictions and vacancies."

Question 3: How Do You Handle Maintenance?

"Many PMs profit from maintenance repairs—we don’t. We use independent contractors to keep costs fair and transparent, saving you money without sacrificing quality."

Question 4: What’s Your Fee Structure & What Will I Pay Extra?

"Make sure you’re not hit with hidden fees. TrueNest offers guarantees like covering lost rent if tenants don’t pay, and paying for eviction-related costs—so you never pay more than you expect."

Question 5: Who Will I Work With?

"At TrueNest, you’re not stuck with one manager—you get an entire team of 10 experts. Plus, our 24/7 owner’s portal gives you full access to property updates, financials, and more—no waiting, no surprises."

Hope it helps!

What a nightmare! This is exactly why we don’t believe in locking clients into lengthy contracts—we’d rather earn your business every month. If a management company isn’t adding value, there’s no reason to stay stuck. It’s frustrating when one side refuses to cooperate, but there are ways to push forward. Have you considered legal action or involving the tenants directly?

Hey Amy, congrats on your first property purchase! 🎉 Managing a rental remotely is totally doable with the right systems in place. A great property manager will be your eyes and ears, handling everything from tenant screening to maintenance.

When looking for a PM, BiggerPockets is a great place to start, along with investor referrals and online reviews. The key is finding someone with transparent communication, a solid track record, and tech-driven reporting (like inspection photos, video walkthroughs, and real-time updates).

I specialize in remote property management and would be happy to share insights or answer any questions! Feel free to reach out.

as a property owner I agree with you @Jonathan Wiesniak saving $10K is music to my ears. Now I also agree with the majority of answers... this maybe just a very catchy campaign offer and nothing more than that 

Congrats on taking the first step toward building your real estate portfolio in Southeast Florida! It’s an exciting market with tons of opportunities. I specialize in property management and would be happy to be a resource for you as you grow your investments. Feel free to save my info—always here to help!

Looking forward to connecting!

Hello @Juan Carlos Correa, welcome to BP and congrats on your decision, please keep my profile in mind in case you need anything in Property Management arena

 Hello Reese, 

Pedro here from TrueNest Property Management. Happy to connect with investors like you in the area. Please let me know if there is anything I can do to help with your portfolio!

As someone in property management, I see both risks and opportunities here. If prices and rents soften, it could open up a window for investors to buy at better valuations. Short-term cash flow might take a hit, but long-term investors who focus on strong operations and value-add strategies should be in a good spot.

The rising costs of materials and labor are definitely a concern, especially for investors who rely on heavy renovations or new builds. That said, those with well-managed, stabilized properties may not feel the impact as much—especially if they’re keeping tenant retention strong.

I agree that 2025 is shaping up to be more of a buyer’s market, but I don’t think we’ll see a broad slowdown everywhere. Some markets will still stay competitive, while others could cool off significantly. Investor sentiment will play a big role.

Curious—how are others adjusting their strategy? Tightening underwriting? Holding more cash? Or actively looking for deals in case the market shifts?