Do you recommend making relationship with property management companies?

Jeff and I lend our own money and at least for me I do have some investors that I manage their funds along with my own.

Do they use pen and paper to record this information or do they have some sort of software to manage it? 

Plus, there are upfront costs to consider, like furnishing your condo and any expenses tied to managing it as a rental.As for refinancing, it might not be the right time with interest rates where they are.

Nita Cook is a great property manager in the area for short term and long term rentals.

I would like to start close to home as I plan to self manage the rental side of it.

Tenant stopped paying rent before 2 months of the lease expiring, property manager filed for eviction process but tenant vacated the property before sheriff served the notice.

I had to relocate to Ohio to manage it.

@Alison EvansI could not imagine managing 48 doors!

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.