Building relationships with them early is key.For tenant communication and rent collection, tools like Buildium or Avail can make life easier.

About 3 months have gone by and we just received an email from a communications company billing us $4,000 for breaking a communication line buried in the yard.

TBH I don't know whether that means I have the right to expire this lease or they're completely responsible for all expenses.I like my tenants, they're always paying on time & communicative.

There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.

Sending threatening communications is not a good way to start a long term relationship with the people who own the home you live in.

As a former banker, you may be able to do a cash out refi on your existing properties to fund part or all of the purchase.

The managers are non-communicative.

The lenders were very good and communicating at first, but as we got close to closing, we could not reach a single person in the company during business hours.

And most times I personally make the connection with the bank holding the mortgage, communicate the transaction of intent and ask if any particulars from them on it.

It took more time and back and forth communication than was needed, and compared poorly with other refinancings we have gone through.