That experience taught me the importance of leaning on local expertise, even if it feels like an unnecessary expense at first.One strategy I’ve seen work occasionally is offering the tenant a “cash for keys” deal, where you pay them a small amount to vacate voluntarily.

Speaking to that question, it seems that you have already keyed in on the fact that one of you should be moving towards that.

Remember, thinking long-term and taking imperfect action is key to building wealth and gaining experience.Good luck!

Properly collecting these fees is a key part of financial success in real estate investment.And hey, why stop there?

The key is to pick the right out of state market.

I think one of the keys to any of these things is understanding the underlying business model.

They were turn key and ready for tenants.

Needs some lifting but target price is $50-60k per key. 

Marco is very successful in the selling of turn key space so this seems to be a pretty big departure for him..

A baseline schedule is a reference timeline to track key project milestones.