So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

I find that when I allow pets, I get more and higher quality applicants who earn more, have better credit, and have fewer background problems.

They can find the properties, you handle the renovations, and you split the proceeds based on what you bring to the table.Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

Get to at least 2, ideally 3 properties, before switching locations.3) Focus on the quality of the investment, not any investment.

Selling (1031 exchanging) our high equity family owned properties is the best (really only) option that we have for funding our share of new purchases right now and with each new purchase, we are buying nicer and usually larger units in better neighborhoods so I'm trying to improve the quality of our family owned holdings in addition to growing a new business with our new partner.

Always have the tenants pay for the screening.

As a newbie here, my greatest challenge is consistent, reliable, high quality, detail-oriented cleaning.

Honestly it's almost less work for us because we don't have to screen, airbnb does, we don't have to deal with leases, airbnb does that stuff, and we don't have to advertise, airbnb does.Location: If you do str OR/AND you really want the highest appreciation (I wanted both) you want to stick close to RTP and the airport.

What Qualities Should You Look for in a Borrower Before Offering Private Money Loans?