While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

Ensure fair terms for both parties.2.

DSCR loans are usually what I recommend to ensure approval as your qualification is not based on your income but the projected rental income of the property.

Keep an eye on those delinquency rates and ensure that the property manager is proactive in rent collection.Maintaining open lines of communication with property managers is also part of the process.

The right structure ensures a smooth, win-win partnership!

.- We’re planning to ensure we materially participate (within a 2-hour radius of the property) so that the rental could be treated as non-passive.- We’d like guidance on whether to hold our property in an LLC or simply in our personal names, including any tax advantages/disadvantages, liability considerations, and possible effects on financing.I want to fully understand the trade-offs between both approaches.

Professional PMs use specialized tools to verify income directly with a tenant’s bank or payroll service, ensuring legitimacy.

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

This ensures that any settlement check will be issued to you AND the tenant - and that you can interact with the insurance provider.  

Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?