I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

Joking aside, we do believe Lima is a great market to invest in, and we will continue to grow here in both units we own and units we manage!

That means learning how to vet a manager.

It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.

A major part of the success or failure of an STR investment is the design, furnishing and management plan.

@Kwanza Price tips for managing contractors:1.

Additionally, in Co-Living the property manager walks the property once per month to deliver toilet paper & cleaning supplies (aka property inspection). 

Having a great self-storage facility software for online management is key!!

I do not have 5 layers of management that make my rates higher, no lender I work with pays for my office space, licensing, benefits, marketing department, compliance department....