Hello everyone!  I’m excited to get started on my real estate journey. I’ve done a couple of fix and flips but I’m looking to build a rental portfolio. I’m looking in the DFW market initially and I’m definitely open t...

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.

Materials have increased more than 20% in the last 5-8 years.

Currently we have titled our 16 properties in 4 LLCs and we have a 5th LLC where we manage our properties.

A good baseline is to calculate material costs (e.g., $300 for paint and supplies) and add a fair hourly rate for labor.

The Agreement should have a clause that buyer can cancel without penalty and with full refund of the security deposit if the signed letters are not returned to it by a certain deadline, or if subsequent tenant notifications materially change the economics of the deal.

Been with a handful of property managers during that time.

Must have solar, ev charger etc.My materials distributors are expecting more inflation.Homeowners insurance is still going up.I wholly expect CA residents to continue to move there (wished I'd bought there!

I believe in this so strongly that I have even once confronted a large advertising client about this issue when I discovered they had language to this effect in their terms of use in the past, and asked them to change their policy, at risk of material revenue loss to our company.

Have a frank conversation with the property manager.