They have been incredibly transparent but they are currently deciding on a capital call or selling the property at a major loss (70-80%).

@Hitanshu ShahDon’t expect to recover losses—it’s usually not worth the time or cost.

This could turn a potential loss into positive cash flow while protecting your property’s value.

You should fire them right away and talk to an attorney to prevent the loss, but I wouldn't expect much and it could be a waste since a company that does this will not have the money to do anything.When you have just one unit and you are looking for PM companies, your options are the bottom of the barrel because it's not a good use of the big one's time.

It's not just the taxes, but being able to at-a-glance look at expenses by the month and year, profit and loss calculating automatically, and even cash flow by property and total portfolio by month and year.Thanks for suggesting it!

I just can't accept such a constant ever increasing loss, even if I can afford it. 

Because your second year is likely (oops, I did it again) to show a net profit instead of net loss.

When evaluating potential properties, consider three exit strategies: if you can sell quickly for a profit, hold it as a rental, or take a loss.

I would protect myself and cut my losses so I was not looking over my shoulder or getting high blood pressure every time I heard a knock on the door (hoping it is not the FBI showing up to ask you some questions). 

Hope everyone is having a wonderful holiday season!
Unfortunately, the end of 2024 has brought a string of financial challenges for my family, and I’m feeling the pressure.
Two weeks ago, I was laid off from my job....