This approach lets you get closer to the market rate over time without shocking the tenant, especially since she’s been a good tenant.It’s also a good idea to explain to the tenant that you’re trying to bring the rent in line with current market conditions, and if she’s open to a longer-term lease, you could even keep the rent at the current level for another year.

I've been on an incredible journey over the past year, diving deep into real estate investing to build financial freedom.

As we approach 2025, this trend is expected to accelerate.

out of state BRRRR is incredibly difficult. 

Hi everyone, I recently got approached by a company called find dream rentals.

Negotiations focused on a win-win approach, securing the property at $197,000, aligning with market value, while setting us up for a profitable resale with a trusted buyer on the same day.

Quote from @Michael Baum: If you don't want to deal with guests in what is a customer service oriented business, then that means it is time to get out.Absolutely incredible how many people seem to get blindsided by this when going into STR's. 

They can provide valuable guidance to ensure everything is set up correctly.If you prefer a DIY approach, services like Zenbusiness or Tailor Brands can help, but they won't offer the same personalized advice.Good luck, and feel free to ask more questions! 

But PM software is an incredibly crowded space.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.