One small tip: keep your communication channels clear and open with your property manager.

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.

Once you close and establish a relationship with them, I would notify them of a rent increase but we do small ones.

They are trying very hard to make life impossible for the small guy.

I cant tell you how many rescue loans Ive underwritten for small businesses who relied on a LoC for liquidity and then had the line frozen or called unexpectedly.

Amortize your major repairs (roof, hvac, built in appliances) and add an estimate for small maintenance.This feels not terrible to me.

Finally, network with other investors and start small to gain experience.

All of them are LTR, I do have a full time job so this is something I do outside of that.Regular activities include yard work, small repair & maintenances, activities relating to a tenant turnover.

Every small relief in rates triggers a rush of buyer traffic, I would take advantage of this fall and winter before the cyclical spring market rush.  

I hired True Books August 1st, 2022 to help me navigate taxes as a small business owner and multiple property owner.Its now Sept 2nd, 2023 and they do not have my taxes done.