Our cleaning fees for the year were $40k, landscaping $2.5k, handyman $3k... all tasks that can be done by an operator and off set the loss of income from occupying the main house that brought in about $40k for 2024.My wife and I have decided that even though it makes good money, we have been in Texas for a year and we want to do something similar here and we are very much DIY people and don't want a PM company to run it to the ground.

The Condominium is high rise new building w/ high service luxury amenities including concierge services, valet parking etc.

Quote from @Chris Seveney: @Joel BarjonThe servicer of the loan should send this to you.

Consider property management services and tools like AirDNA to understand local demand and occupancy projections.Good luck!

These hotels are almost all ideally located right on the strip, and loaded with amenities like room service, restaurants, bars, and casinos. 

The E-Myth by Michael Gerber- Start and operate your business with the consumer in mind... not you... not your product or service.

Package is clean, nothing fancy and is a little over 20 pages.

Otherwise contract a service for the season that will automatically take care of for every snowfall.4) YES you need to heat them!

Can we hear from individuals who have experienced sustained success buying section 8 rentals while relying on entirely 3rd party service providers? 

He bought the property pre COVID, so his cash flow is definitely going to be different than what mine will be.The question I'm wondering if its a good idea and if the numbers make sense.Purchase Price: $100,000Down payment: $20,000 (20%)Current cashflow: $900Property manager: $90 (10%)His expense for 12 months was only $1,430 (inspections, repairs, management, eviction services).