I have been in property management for 20 years, almost 3 years ago I moved to Birmingham AL to start my investment journey.

Quote from @Krishnan Iyer: Hey Tom, I use Stessa to manage all my income and expenses (bookkeeping) for all my properties.

Learn local landlord-tenant laws, FHA and VA loans, and property management software to streamline rent collection and maintenance.

Divide the long-term vision into manageable steps.

The utility company doesn't manage your property...they provide paid services until they're not paid anymore. 

When reaching out, it helps to offer value in return—think about tasks like checking on properties when they can't, delivering materials, finding reliable contractors, or even handling basic project management tasks.Building genuine relationships and showing you're willing to contribute will go a long way in earning their trust and gaining hands-on experience.

Fees:The Set-Up Fee is $50The IRA Annual Fee is $275 (flat fee regardless of the number of assets & regardless of the account value)The Direction of Investment fee is $10**The Wire Fee is $15See our fee schedule for Crypto-currency feesPlease refer to the fee schedule to see metals storage costs.

Hi Robert, I always look at the rehab and deciding what I can do vs the opportunity cost of spending my time elsewhere.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

So I would caution everyone to make sure the replacement cost for your improvements will realistically cover your actual replacement cost in the event of a total loss.