- **Property management**: If you plan to hold the property long-term, it may be worth hiring a property manager to handle maintenance, rent collection, and tenant issues, especially since you’re out of state.### 4.

I am just seeking your advice on how to handle this and not let them feel that I have buckled.

Question is will I need to hire an attorney to handle any and all paperwork for this?

Pick a well known landlord tenant attorney in the area, have them review and edit your lease accordingly, and tell you how to handle this situation properly.At the end of my lease I have a clause that states if one clause in the lease is found to be invalid or unenforceable, it doesn’t effect the rest of the lease.

My CPA requires Quickbooks online and it seems there isn’t an easy way to do the data entry and allocations and keep those two systems inline with all the transactions.  

Consider hiring a property manager to handle the logistics if you go STR.

New to real estate and just formed a corporation with two other individuals. One has no experience with real estate, however, does have experience with managing systems with a large company. The other has experience w...

If your tax situation isn’t too complicated, you could try handling it yourself using good software, but if you want peace of mind, a CPA could be worth the investment.Since your parents have experience, you might lean on their advice while you learn the ropes.

It told me I could, of course, handle these contractors because I PM'd multimillion dollar developments.

I’ve heard good things about some of the newer online options, but make sure they can handle the complexity of a growing real estate business.I had a friend in Scottsdale who ran into an issue with her lenders when she tried to close on her second property.