Document all rental-related expenses and mileage carefully for tax purposes.This post does not create a CPA-Client relationship.

I ran my own proforma and used an 8% vacancy rate and a 35% operating expense margin, which are the %s that most banks my clients work with use to underwrite their DSCR loans.

I had a client who thought they did the eviction correctly, and ended up in court as one of the occupants who had moved 3 months earlier said her stuff (including 3 rollex watches) was thrown out. 

But I do property-management support for a client, and you are on the money about the demands.

I always tell my clients to put a reminder on their phone to go off monthly to ensure they pay off all debts like this that can cause them to have higher credit scores. 

This post does not create an attorney-client or CPA-client relationship.

For my business, outsourcing helped me stay focused on client relationships instead of being bogged down by admin tasks.

I want to track exactly what you do as a service for my investor clients, but not get into property managment. 

If you’re in that cash position I mentioned above, then we might be a good fit to get on a call so I can show our process which is complete: 1) finding and buying the right property 2) creating a top product from that purchase with a world-class designer on my team 3) co-hosting/managing that property at a discount for clients to ensure you get more money and have a product that lasts.you can also follow me on IG @tampa.rei , I’m actually about to post a walkthrough of a property that was being managed by one of the most popular PMs in the country and in just 1 yr you’ll laugh to see what state the property is in from poor management!

And as a builder don't you have a prefered lender who is easier to work with that you refer cliente's to.