
10 July 2024 | 12 replies
If you jump into something before doing this - you're highly likely to get taken advantage of, or at best waste your time & money.Can't help with a coach:(Do recommend investing close to home if you can and then screen the heck out of PMCs with your expectations & goals to hire a good one.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

12 July 2024 | 48 replies
Those properties never made sense the day they bought them and debt service could not be covered by the rental income (if any).(2) this is the flat (linear) Memphis market and in neighborhoods where there is virtually no appreciation or depreciation.

12 July 2024 | 155 replies
I've been investing in long term rentals for over 26 years and when I first was introduced to STR's I was very cautious because I flat didn't believe the claims of income or expenses and it is just such a different animal than long term rentals.

10 July 2024 | 87 replies
I knew few flat-list broker that only 3 agents and charging 9k flat only to sell.

9 July 2024 | 4 replies
I recommend establishing a thorough and well-structured screening process.

12 July 2024 | 34 replies
I recommend giving your tenant a 30-day notice to vacate as soon as her lease expires in October.I can’t stress enough the importance of thorough tenant screening.

9 July 2024 | 7 replies
Some charged 75% of rent as tenant placement, and $90 flat fee monthly for management fee (I actually think select PM quoted this to me...?).

9 July 2024 | 6 replies
LVP may not want to stay locked together if the floor isn't close to perfectly flat.

9 July 2024 | 2 replies
All the liability with none of the tenant screening.

9 July 2024 | 2 replies
Ensure that you conduct your own screening process to ensure that applicants meet your criteria.