When you set up the showing, repeat your main requirements, ask a few questions, and encourage them to pre-screen themselves so they don't waste money or time.3.

They don't have an eye towards understanding the hidden expenses in how a property is set up.

I believe I am well set, I am targeting Smokies STRs and Austin LTRs.

Set back rules.

So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team. 

My recommendation for newbies is to start by setting financial goals and educating yourself.

- Acquisition Fee - 1% of Purchase Price- Asset Set up Fee - $8,500 total- Asset Management Fee - 3% of income- Disposition Fee - 5% of difference b/n purchase price and eventual sales price- Mortgage Guarantee Fee - 1% of amount guaranteed- Financial Services Fee - 5% of capital contribution of each limited partner- 65/35 Split: After investment repaidThank you in advance!!

BP Community,I’m hoping to get some community advice on a deal set up.Background: my partner and I have owned a rental property for about five years.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Sounds like I'll need to get set up with OneKey and StreetEasy for starters.