@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

I know some municipalities allow the property owner to obtain permits but  that in itself is a huge issue in many areas and secondarily insurance is critical in this business.

They have taken strides to pave the way for ADUs - here’s the implications for real estate investors.It's crucial to understand Raleigh’s zoning rules for ADUs BEFORE deciding to implement this strategy on your current or future long term rental, Airbnb, student housing, MTR, house hack, flip, etc.

In early 2023, we decided to sell the property as the market had appreciated significantly.

@Patricia Smith Even if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

Let's say you did buy the property and the students decided to pay the rent and everything was great... would this property have a good exit if you needed to sell it like this?...

We will see what the courts decide, just be aware of it. 

This could be a 0% owner by the letter of the law...What are the Reporting Basics?

Trump has said he plans to keep owner occupied rates at 6% through 2026.