Rents are sky high in certain neighborhoods of Jersey City (we are second to NYC) as such many of the tenants are professionals with high income commuting to their jobs in NYC by ferry, 24 hour path train and bus. I

Over the past couple of years, I’ve learned a lot about the business—like how to analyze markets, underwrite deals, and connect with brokers.

The down side is that STRs are more work, need to furnish it, pay for utilities and WiFI but in the right market (vacationers and business travelers) it could work. - If I were looking at cash flow as a really important important metric, I'd consider starting a business.

Property management....it just make business sense as a leverage point for efficiency of your time. 

The side moral to this story - be in the plumbing business.

The PM business has been good to me and my family.

I don't like a busy title like you listed @Michael Calvey.

Maybe you are needing a new vehicle for your real estate business - they can help ensure this vehicle is on the list that qualifies.

With that being said, what do you plan on doing different this year in your business?

Our management team is dedicated to navigating through these challenges and emerging stronger.We greatly appreciate your understanding and patience during this time.