I suggest you do this regardless of whether the PM is licensed or not.Pro Tip: Even in states where licenses are not required for a PM, it's always a good idea to hire one who has voluntarily obtained one.

Thanks in advance for any advice/tips!

That’s why I’m considering creating a free website packed with resources, tips, and lessons specifically broken down for kids and teens.

biggest tip.....Always get a sewer scope!

Don't be alarmed by the old schoo, suspicious-looking site, it's completely legit and full of amazing tips on getting started with flipping.

If possible, please reach out with any advice, tips or direction.

Any tips for negotiating better terms with sellers?

Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!

Keep things tidy, keep track of your work, and ask for tips from guides and other people in the field.

I’d also appreciate any general advice or tips anyone has to offer.