If you are running a LLC for your rentals is essential that you keep all business  funds in a separate account I like Credit  unions the best .

99% of the people would run from it just hearing that.

I have been with a property management company for 2-3 years in Arizona and the property is being run continuously at a loss.

@Helena Goyvaerts I run the Michigan Real Estate Investors group and we have over 1200 members. 

How do we know that you aren't running a Trolling coaching business, and that this post isn't just reverse reverse trolling?

There are so many run down hotels along the coast and I love to take a run down property and turn it around. 

Have your CPA run this scenario with your numbers; too much money to take advice from the internet!

Get your CRM up and running and keep in contact with everyone with content about the market, keeping in touch with past clients - just asking them how their house is, let them know that you were thinking of them when you drove past the house,  ask them if they made any improvements, etc.

Shake down runs help sort things that guests will find that you might have missed.That is what we did for part of our first year and it was very helpful.

This way the contractor isn't running to the store and waiting on anything.