What was the interest rate and when you went to refinance what rate were they offering?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

To maximize returns, ensure compliance with local regulations, prioritize owning the land, and offer student-friendly amenities.

And with brokerages now offering new agent programs where they will pay 100% of the expense to get licensed, there is literally no reason not to. 

@Helena Goyvaerts it will be tough without 2+ years of USA tax returns showing you are profitable.Higher interest rates have negatively affected most lenders and many of them are getting more aggressive with offering more flexible programs. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Regarding getting started, I recommend finding an STR owner who's overwhelmed or just worn out with managing their property, and perhaps who's also not using a dynamic pricing tool, and then offering to manage it for a very small cost. 

I have had previous requests for help with this situation, and that's the advice I consistently offer.

Those places were awful and barely habitable, but it is what S8 prospects are being offered.

It'll be easier to start with a turn-key property, but if you have a good contracting team, a value add will typically offer better returns.