The part about getting out of your own way is so true, especially with managing subcontractors.

We manage three large apartment complexes in two different submarkets in Indianapolis. 

If they have a taste for it then use the equity to buy a rental where they go to College and have them manage it with roommates in it.   

Hi everyone, I recently purchased a rental property in a condo managed by an HOA, and I’m dealing with a challenging situation that I’d appreciate advice on.

Negotiating seller concessions, networking with local investors, and learning property management skills have been key to finding deals with strong long-term potential.Good luck!

(August 4, 2022 )ITMedia Solutions LLC (January 6, 2022 )Moneta Management Inc.

FCI, Provident, Madison Management, Allied are just a few.

I would recommend keeping them, and gradually increasing rent on par with market increase + 1 to 2%.You could get a better qualified tenant, but they could be worse with money management, property respect, etc.

Quote from @Mike Johnson: Hi everyone, I was curious what might be some of the biggest problems to you run into while managing your properties?

Bringing in different management 2.