Just heard of this group today from Bryan Field. I am new to real estate and starting my journey to set up and build a real estate portfolio that I can pass on to my children. I am still in the beginning/research phas...

The beauty is in the income snowball and how they can help you modify it down the road and how to do it the most efficiently.Definitely not a gimmick.

Having your calendar sync up between all is where a PMS comes in beautifully and OwnerRez is sou-to-nuts that best one out there.We went from one property to three within two years and the platform handles things wonderfully.The UI/UX utterly blows but the functionality is second to none. 

STR income will always be dependent on who I managing the property, how nice the finishes and furnishings are, and the actual location of a property within the given city.With my STR in Destin, numbers are more or less the same as last year, perhaps down just a hair. 

To maximize the living space, we worked closely with the city to create egress window codes, allowing us to add an additional bedroom, a beautifully finished bathroom, and a family room in the basement.

One of the reasons I asked the question is that it seems strange to me that a property management wouldn’t take anything upfront if they inherited a house that wasn’t ready for rent .Our property management also does the cleaning ( deep clean over 4 days was $1000 but they had to deal with some nasty pet hair , fleas etc)and that included some cover up paint etc .One lesson learned here is every contract with owner : property management varied greatly it seems from what is needed .But moving forward - I feel that $500 a month on a $2100 a month property is too high once it’s rented - unless endless problems persist of course ..thanks for your insight!

Turned out that the house had been owned by a family who lived there forever and ran a small beauty salon out of the house, so one of the bedrooms had been turned into the hair salon and the dining area turned into a foyer.

We did look at brokenbow, beautiful area but it looks like there is a lot of competition there now.  

JD, I'd agree about cat pee.....it has something in it that will make you see Jesus, even with a respirator....But that house that had 9 dogs locked inside of it had this beautiful wide-plank flooring, Ponderosa Pine...unbelievably gorgrous.....I had it sanded once and got about 50% of the smell, twice, maybe 75 %....third time got 95%.Primer/paint did little.....finally had to have the walls and ceilings skim coated with new texture...throughout the entire almost 3000 SF house.

In the meantime, it’s a beautiful plot of land with a nice creek running through it.