I’ve looked at the Melbourne area and would be happy to connect offline to learn more.I go back and forth between a luxury condo (pros are easier to manage, less maintenance: cons high HOAs, limited STR rules) or a newer built home (pros are larger space, more private, higher appreciation potential: cons higher insurance, more maintenance, more upkeep, more services like lawn care/pool cleaners/etc needed).

My properties that I manage in San Antonio that do the best have unique design that you wouldn’t find a regular home to live in.

Create a referral program and then regularly market yourself to other agents.

Do property management companies usually have high portfolio minimum balances and upkeep expenses for properties?

@Mat O'Grady I have used them and they are just like a regular comfortable bed.

You can easily replace a damaged tile with peel & stick unlike regular tile or LVP. 5.

As you increase # of assets owned, you’ll realize that you’re replacing large cost items fairly regularly.

That's a much smaller loss than what you've currently paid.A good PM would give you regular updates and take charge of the situation to protect your income.

I also regularly have tenants that complain that the furnace isn't working and then my HVAC guy has to come out to tell them that they need to set up an account with the gas company - even though it's been explained to them when they moved in.And then there was the tenant that called me on the last day of the month that she had bought $ 300 worth of groceries 4 days before and then went out of town and when she came back the fridge had died and everything had spoiled.

During construction, Regular site visits and communication with the construction team will help ensure the project stays on track.