Do some research to figure out what type of property—long-term rental (LTR) or short-term rental (STR)—best suits your goals.

Quote from @Michael Poloncic: Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent.

Brokers and attorneys often prioritize closing deals quickly to collect their fees and move on, which doesn’t always align with your goals.

I’d love to hear more about your goals and explore how we might collaborate to work together.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Just setting some context here.

It is a set price that you are going to get for it and if the deal makes sense with an 8% profit vs ARV (80% for purchase, 7% for realtor and closing costs, and 5% holding costs), it will be a good deal for you.Account Closed You are 100% right.

Are you locked in on the contracts with the current set of tenants?

There are several companies that send letters and some are active on Bigger Pockets.However, I would caution you to set expectations appropriately.1.

What are your goals?