Embrace the wins, learn from the losses.

Now, none of this is the case for an OOS investor who is using a PM who likely is adding extra management fees on top of each repair because ... well because they can.After years of doing this, I know which tenants to avoid and which to embrace. 

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The second day after their move-in there was a drive by shooting and a stray bullet penetrated a window and damaged their furniture (thankfully nobody was hurt).  

By old school, I mean does not embrace or use new technology, is not flexible with shorter minimum stays, operates in the off season (for very seasonal markets).  

Someone said it a LONG time ago, that "an ounce of prevention is worth more than a pound of cure" - yet as a society we have yet to embrace it.I won't dive too deeply into the fact that Big Pharm and the gov't would rather have you take a pill (with its 20 side effects) for pain instead of something like cannabis, and that's why it's still illegal.3.

A sump pump will run, that doesnt mean theirs an issue especially of you do not have water penetration thru the basment.

At that point then embrace "caveat emptor" and go it alone, but until then get someone like Wes Petersen with Stratton Group. 

As a result, a tree has been given free-reign to grow uncontrollably in the small, 20'x15' backyard space -  which now has roots that have penetrated not only my basement walls, but the neighbor's foundation on the opposite side of the property as well. 

You can embrace all the face-to-face meet-ups, get to know brokers on a personal level, learn the area firsthand, and get your feet wet close to the action.