Hi everyone, I recently purchased a rental property in a condo managed by an HOA, and I’m dealing with a challenging situation that I’d appreciate advice on.

Between downtime doing Self Storage development, management and Country Subdivisions glad to give input on BP. 

If they have a taste for it then use the equity to buy a rental where they go to College and have them manage it with roommates in it.   

Managing expectations is key. 

If the property is good, fire their property management.

According to him, the secret lies in market research and meticulous property management.5.

I would recommend keeping them, and gradually increasing rent on par with market increase + 1 to 2%.You could get a better qualified tenant, but they could be worse with money management, property respect, etc.

Self managing multiple rbr properties can be very challenging unless you're @Jeff White!

Negotiating seller concessions, networking with local investors, and learning property management skills have been key to finding deals with strong long-term potential.Good luck!

I have also purchased resid. and comm. properties where the landlording/property management was really poor.