Baselane, on the other hand, provides everything you need at a reasonable cost and is tailored for smaller landlords like us.

I would say it depends on the cost of the STR.

With that, you could cover the costs for renovations, closing costs, or even set up escrow for those senior living sponsorships.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

If the seller refuses, a demand letter from an attorney can be effective.

Items such as this that could be easily replaced by almost any LL at a very minimal cost, will turn into a $135 aggravation at best if you overlook it!

Once you pay realtor fees, closing costs, sellers want 10k for points and concessions.

Even though the FMRs are $730, I was conservative and used $600 for my Pro Forma- The current owner hasn’t raised them at all because he didn’t want any turnover- outside of cleaning and painting, no big costs- Not Section 8 

I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

Does anyone have a template or method that they use in order to screen tenants effectively in order to reduce the risk of non payment and damage to the property?