Quote from @Michael Maloney: I am looking for a bank that holds tenants security deposits and automatically pays the interest directly to the tenant annually, see the rest for description.Hello, I am a first time property owner and am trying to figure out where it is best to deposit security deposits, I am aware that it must be deposited in an interest bearing account per MASS law but also the tenant needs to receive the interest annually and I do not want to have to manually perform this task.

Michael Kierney, Tampa FL

Creepy Michael Keaton! 

Quote from @Michael Smythe: @Rufino MendiolaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Quote from @Michael Smythe: @Isaac Joseph if you experienced lots of theft with previous PMC, then learn to better manage your managers.Try to think of everything that can go wrong and then figure out how you can monitor relatively easily.Doing this will probably be a whole lot easier than trying to start your own PMC. 

-Michael

Quote from @Michael Plaks: Quote from @Sam Hudacek: would it be beneficial for me to buy one or two STRs primarily for the purpose of being able to offset my W2 income?

@Michael Hoover$50k door and low rents - no deal - your expenses are going to be 3x what you think

., Michael Boyer, and Elizabeth Colegrove for your comments.

Quote from @Michael Smythe: @Alex Johnson Not sure I'd invest on the west coast due to all the tenant-friendly laws!