It's not a hard program to learn and there are no "secrets" to be successful.We've managed thousands of S8 leases during our 24 years in the Detroit market, DM us if you'd like to chat.

Since you’re in research mode, getting familiar with neighborhood-specific trends will be key, some areas have strong rental demand, while others can be trickier to manage. 

Since you’re managing a Section 8 tenant and taking over property management, focus on understanding local regulations, lease terms, and effective tenant communication.

In the process of analyzing deals, I reached out a property manager for his fees.

Does anyone have a real estate attorney recommendation to review a property management lease?

Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?

I currently have a background in Semiconductor construction from starting as a detail engineering, working to be a construction manager, and now working as a Modular MEP construction consultant in the span of 5 years.

I'm an out of state investor and will have them manage more properties in the future.

Hi Ken,After managing hundreds of properties and working with investors (many from out of state) for over 20 years, I’ve seen Tampa, Orlando, Lakeland, and Miami all work—but each has its own flavor.

Try interviewing at least three managers.1.