Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

These homes were built in 2016/17 and I've managed/maintained them myself.

I have a property management company manage them as I have a full-time job, wife, and 2 boys.

It would be far better for you to join NARPM - National Association of Residential Property Managers SE Virginia Chapter and join as an affiliate. 

I am just saying if I managed your property, I would never paid for the damage out of my pocket simply because I have a solid system and team to win any reimbursement cases. 

Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.

@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.

Hi Myles,I found myself managing about 20 rentals through my brokerage at one point.

But even being a Landlord and outsourcing that staffing via Property Management still requires someone to manage the managers. 

For the property I purchase, I’d like to keep my monthly mortgage payments at $2,000 or less.I prefer a turn-key property since this is my first rental, and I want to start generating monthly cash flow immediately without the delay of repairs or managing two mortgages.