Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.

I don’t know if there will be some recourse to PayPal but it’s definitely business transaction.CashApp is free and takes 2 business days to get money into my account, however, I’m thinking if a tenant pays with credit card (you can attach debit and credit card to CashApp), then it might be same situation.My Tenants usually don’t have good enough credit for credit cards to pay rent, but potentially it’s possible.CashApp amounts to transfer depending on the bank of the Tenant: some can pay only $500/day, some had to pay fees because their account in a credit union.It seems like old fashion way to deposit money in the bank looks more reliable. 

And not that I would use it, but I have yet to receive the $250,000/$500,000 pre-approval they promised for all in attendance.Glass half full, they did provide certain meals, a couple of cocktails and a guided bus tour of investment "opportunities", which they applied considerable pressure for offers on, one with a suggested "ARV" that was at least $100k above highly reliable AVM (automated valuation models) I have access to.Overall, I say stay away, unless their Funding Tour comes within driving distance and then only so you can see for yourself. 

It helps you find reliable property management partnerships and gives you everything you need to make confident hiring decisions:Expert Matching: Match with professionals who meet your criteriaExtra Assurance: Licenses, experience, ratings, reviews, and more that can be cross-checked with BiggerPockets membersBonus Content: Receive an essential interactive workbook: “How to Interview Property Management CompaniesHere’s how it works:Enter your market and what you're looking forInstantly see top matches and their qualificationsConnect with only those you want to interviewBonus!

Bomb proofing the sewer will not add much value, but should provide decades of reliable performance.  

Hey Christian, having a reliable team is key.

I realized the value of a reliable PM, unfortunately, I currently lack that asset.Q1: Given my situation, what is your recommendations?

They'll put all their energy in the project, and you're buying time.

This was a handshake type deal, and the tenant was paying just a couple thousand dollars a year for 5-6 acres of land where the tens is storing 204 old wind energy blades.

Also, can anyone recommend a solid accountant for everyday investors who can provide reliable advice and is reasonably priced?