Also, did they provide you those terms off the bat or after explaining your project?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

If you don't intend to do that right away then do the 20% and save the extra cash flow.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

While not mandatory, a specialized accountant can reduce errors and provide significant tax-saving strategies tailored to your situation.This post does not create a CPA-Client relationship.

After several calls with some of the larger PMS providers, where I really took the time to dive into their products and compare features, pricing, and more, we've decided to go with Hostfully.

But if you feel like you can learn the same skills on your own through experience and other resources, saving that extra tuition for your first investment might be the better move.

It has seen steady appreciation, and multifamily properties can provide strong cash flow.

This would not be the case of an extra 4000 gallons per day, likely only a few hundred gallons.

If I can find a property that just needs cosmetic updates, covers its expenses, and leaves a little extra, I’m interested.