Almost all the cash flow analysis I see does not take into account a reserve for replacement of items that wear out.

When screening potential tenants, be sure to collect a full application, run credit and background checks, verify income, and call prior landlord references.

It helps to confirm what we had written is clear and to the point about each item in the lease. 

It's not the brokerage, it's the agent, so general references are to the model itself of the brokerage.

The best way to build relationships is simply by doing a lot of business, referring others, and being easy to work with!

Hey Ericka - What are the FB groups you're referring to, and are the majority of the folks in these groups local to the PHX area?

not in NYC, not in Toledo. your first several years, or even longer, will be INvesting, in which you will be putting money in. almost all properties have kinks that need to be worked out once tenants move in - things that need to be fixed, or a big capex item that comes due when it wasn't supposed to.

You won't have to supply linens, TP, paper towels, coffee, soap, etc and won't have to replace broken items or small appliances.

Most of these days even with advances in technology there are still a lot things to weed through to make sure you can get the job done for the repair/items that need to be fixed.

Furnished units are harder to manage because of the added items and the wear and tear on them.