Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.

If you are looking to invest, find someone who will allow you to get to know them, who communicates with you (I raised a measly $45k and the borrower was instructed to give us monthly reports because we know what our investors want, he almost ruined the relationship when he didn't follow through and raised his voice at me telling me that my investors don't know what he knows).

I provided email communications between the client & myself, screenshots of the prior 3 years hosting, screenshots of the Domain Registration in the clients name, & the website being online.  15 days later, they pulled the funds, 30 days later, they closed the investigation. 

Like others have mentioned, if you kept communication in the Airbnb app, they can see everything and don't allow blackmail.

Have them communicate their requirements to your realtor so you can find a deal that can be financed quickly and painlessly.  

Clear and constant communication regarding progress and deadlines is important with contractors, they're often overwhelmed dealing with a ton of moving parts and trying to juggle more than one customers expectations. 

If you pair it with a good lender who can communicate the full menu of financing products and strategies, and make good recommendations, you will be in business.

We take their lunch money every year because clients ultimately don't care about the brand - it's the systems, training, communication, and people that can keep clients happy (or not.) 

We normally try every form of communicating including door knocking and door postings

I always think communication and cooperation are MUCH MUCH better than going to court to try to enforce anything.