i've managed both OOS and in-person and both can be a pain but OOS is just harder for most new investors, period.

Property management can definitely make or break things, so it’s inspiring to see how you’re prioritizing that.Looking forward to learning more from your journey and sharing ideas as we both navigate the real estate world!

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

It was all really quick, and the time to complete everything happened a lot faster than I expected (which was a good thing).I was worried at first that I had to use all the partners that Rent to Retirement had, but it was really easy for me to shop around for different lenders with different terms and rates, insurance providers, and property management company.

Try interviewing at least three managers.1.

Having a backup plan, such as a HELOC or alternative financing options, could provide added flexibility.With loans spread across 19 single-family homes, consolidating into a portfolio loan might simplify management and offer greater long-term stability.

That strategy actually makes your lead management team much more efficient because it outsources the mind-numbing tasks to the robots and lets the humans focus on what humans do best. 

I have worked with the closing team, renovation team, the property management team, and the customer service department.

With average rents in Charlotte hovering around $1,800 to $2,000, that means an average agent fee of just $190—if the management company even pays the showing fee.I understand that this may vary by market, but in mine, I don’t see agents being incentivized to work with renters.

I have 0 experience managing STR properties, but lots of experience using Airbnb from my travels 😅 I am halfway reading Avery Carl’s book on STR.