It's a fun way to invest, and we all benefit from everyone else's experience and knowledge.

It's a fun space to be in.

I’ve seen clients kick out 8-9 stair spindles just for fun.

Just for fun, I tried to make a reservation with a rate of $1 per night for 2 nights.

It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions. 

Just got the fresh MLS data for May 2024 for the Milwaukee metro area:- median price for the metro area is now 341k, up 8.1% YTD- we have a chronic rental shortage, rents are up 4.6%- inventory is up a whopping 57% from last yearTake inventory with a grain of salt, because we had almost nothing last year, so 57% more is still not much.

Have fun exploring your options.

Maintain proper records - Contracts, Settlement Statements, Agreements, Promissory Notes etc.Additionally, you can track income and expenses consistently, using software or spreadsheets.As you scale, if bookkeeping isn't fun for you, consider hiring a bookkeeper for a couple hundred bucks per month.

From the living room, step out onto the large deck and soak in the beautiful mountain views and fresh air; a great way to unwind at the end of the day!

I bet your agent is doing their best but maybe take the listing off and try FSBO or meet a few more agents and see if they can suggest a different approach.I'm gonna probably do that, I will leave my listing active until end of the month or mid April and then either, remove and relist as FSBO or find another agent to give fresh approach.next, i would consider MTR in the interim, it might be better to have it cashflow and cover some of your expenses like HML and holding costs. while keeping the listing active.