I have been part of a regular meetup for a couple years now and it definitely helps ground you in your local market.

Its been a wild ride though doing all this through massive inflation and supply chain issue and Covid..  

I'm the VP of a roofing company in South Florida and work with a few good PM companies on a regular basis, a lot of bad ones too.There are good and bad PMs in each of those companies. 

We find that having the tenant pay for all utilities and taking the small hit on rent we are far ahead over supplying utilities to the tenant. 

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

It seems like location would be especially critical with pad-split (and similar systems), but I’d love to hear your thoughts on what to watch out for in terms of zoning, safety, or demand.Also, I’ve traditionally rented out units the regular way, so I’m curious how screening tenants works for you with the pad-split (and similar) model.

There is a $200 cancellation fee to cover the extensive materials and supplies we give you when you join. 

Personally when I’m working on a project time is money and I don’t have the ability to wait around to get supplies.

I am the boots on the ground and provide all of the time and my partners supply the money.

Just make sure all pieces are accounted for regularly.