@Isla Arshad,  you've described the experience of many landlords who manage their own properties.

Logical Property Management are actually my property managers.

Find a good property manager that you can bend their ear. 

That is amazing -Where did you manage to double the value on an 8 unit in a short period of time 

I would consider getting out of property management and getting into cleaning IF you think they are doing better than you . 

Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.

You are probably better off going with one that has a branch you can visit and get to know the management.

Hey Gabriella, as a property manager and aspiring agent you should have no problem finding a mentor.

Taxes, maintenance, vacancies, management are all different on each property.

I’m not looking for a completely passive approach, even though I’d be managing it from outside the country.