Typically corporate/bank owned homes are managed by an asset management company.

I am just a beginner wholesaler so I haven't done much marketing/lead management yet.

If one of you actively manages the property, pursuing Real Estate Professional Status (REPS) could unlock full deductions against W-2 income.

It is our job to manage the risk at the inception of the project.Thanks for the info and comments.Alan.Good info.I don't mean for you to talk out of class, but Pace Morby says in one of his recent videos that he is doing "table top" closings (closing outside of escrow)  "because he knows what he is doing". 

.: @Srikanth Kumarjust curious how you plan to manage a BRRRR from out of state. 

It’s a little more work to set up, but if you get a solid property manager, it’s not as scary as it sounds.If I were you, I’d keep digging into the Capitol region, NJ, and CT—compare the numbers, and maybe even start building connections with agents or wholesalers in those areas.

Wrong Property Management ApproachIt doesn’t matter how good the people who are doing the property management are, if they are not using a property management approach designed for co-living, everyone loses.  

Contact me PlzPS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.

My guess is there are some STR owners or managers genuinely unaware their current pricing exceeds the price gouging thresholds until it is brought to their attention.]Will PriceLabs and other dynamic pricing tools- respond quickly and appropriately to these issues?

I would run this by your realtor/property manager to get clarification.