If a Cost Segregation Study had not been performed on this $3,000,000 RV & Boat Storage Building located in Fort Pierce, Florida that was purchased in 2020, it would have had first year depreciation of approximately $10,225.

I was hoping it was going to perform well, since it is in a lakefront project, just South of downtown.

Some of our properties away from the beach perform better when there are good amount of amenities available, like a large lazy river, tennis courts, access passes to local golf courses are a big attraction for guests. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Visual inspection is an inspector going into a unit and performing a walk-through inspection visually inspecting the condition of the paint.

It's just reality...if we can't read a couple of books, listen to podcasts, or perform basic searches in advance and then ask better questions, there is no way in heck we are going to buy a property.  

It should take rare events such as Great Recession or Covid to under perform an underwriting.  

But if your properties aren't performing well, then you can look into selling and buying rental properties that perform better elsewhere.

Ok, now we are back to taking advantage, because buyer is NOT capitalized properly, and banks won't lend to them because of RISK of non-performance.     

I believe if you use a quality PM the financial performance will be close to self managing an LTR.Good luck