This is definitely less than $150 with a plumber, unless they run into some issues.Any handyman can do this job for less than $80.The high price is probably due to your PM hiring a plumber when they should have hired a handyman to save you some money.

I hired a public adjuster after Hurricane Michael and was able to get almost 3 X what my insurance company wanted to pay me.

They do put up a lot of red flags, but in talking with them they have at least put up a very professional facade.I wanted to broaden the question, and ask if what they are promising is even reasonable. 

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

My name is Terrance, and I’m excited to join this incredible network of real estate professionals and enthusiasts.

How to execute a 1031 exchange build to suitHow to operate and self manage a co-living property Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Your realtor will do a lot of the acquisition hand holding you're looking for and BP and your local network can help with any concerns you have getting folks into the property and managing it, or you can hire a property manager to do it, albeit at 10-15% of gross and they won't do as good a job as you will.

I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.

Well you received reply's from the top heavy hitters in the passive game here on BP.choosing wisely is key as noted.. real estate debt can be a great spot for the busy professional.

The tenant got bed bugs and decided to "fix it" herself and hired a company to come do it without calling me.