I spoke with the listing agent and we went back and forth with the owners who inherited the property.

Inherited tenants are usually a negative, however in that area leaving the duplex totally vacant makes it a target for thieves to come in and steal your pipes, furnace, and hot water tanks.

I’ve syndicated my last purchase………………I got my mother and father to provide an early inheritance 6.

Looks like it's time to reach out and get involved.I will be inheriting a family homeThat I want to make a rental.

I successfully run 1 STR and have a 2nd that an inherited PM handles.I have Vrbo and Airbnb they will sync with each other with no external software.I set pricing easily by using the built in tools that Vrbo provides.Automated messages are built into both platforms.Vrbo keeps my calendar slammed, but I take direct bookings as needed, simple to do.I have no additional 3rd party fees to very sucessfuly run and manage my property needing only a a few minutes per week.

When we purchased the property we inherited the tenants that were leasing out the garage conversion.

But if you have larger expenses coming, it's a good idea to save more to lessen the burden of those high ticket repairs.

One of the reasons I asked the question is that it seems strange to me that a property management wouldn’t take anything upfront if they inherited a house that wasn’t ready for rent .Our property management also does the cleaning ( deep clean over 4 days was $1000 but they had to deal with some nasty pet hair , fleas etc)and that included some cover up paint etc .One lesson learned here is every contract with owner : property management varied greatly it seems from what is needed .But moving forward - I feel that $500 a month on a $2100 a month property is too high once it’s rented - unless endless problems persist of course ..thanks for your insight!

Looks like you got an inheritance of both a house and money.2.  

At least until y'all make some agreements to clear that equity ownership like an inheritance arrangement doc.