I am not sure about your state, but in Arkansas, you need to either be a broker or have a broker in your office, officiating and executing leases.

In particular, OO does not have vacancy or PM and typically has cheaper maintenance/cap ex than the landlord would experience.https://www.realtor.com/news/trends/its-now-officially-cheap...if you use realistic expenses, purchase at retail (off MLS) without a value add, you will have negative cash flow on virtually any purchase.  

What is the best way to officially inform the tenant about the management change?

Collaborating with local officials and aligning the project with community needs can streamline the process and increase support.Challenges: A significant challenge has been navigating zoning regulations and coordinating with local authorities to ensure the project aligns with city development guidelines.

Question: Is it legal to deny sending them an official application if their desired move-in date is too far away?

**Deed Recording**: The deed is submitted to the county recorder’s office, which officially documents the property transfer.

It's a fine line and gray area about this, but with everything I've ever done, it is officially illegal to pay a referral fee to an unlicensed person.

You’ll need to submit 2 out of the 4 documents - driver’s licenses or state ID, homeowners tax exemption, bank statement dated within 30 days, or official payroll documentation dated within 30 days. 

Can't speak to the organization in Michigan but generally the benefits of a well run STRA far outweigh the costs.I am a property manager in Hawaii so we are constantly being hit with new anti-STR legislation and have a large, well-funded hotel lobby to deal with constantly.

Consulting with a contractor or local building official is advisable to navigate compliance with safety requirements while optimizing your renovation project effectively