Challenges?

Next in this environment you may be challenged to get $10k rent on $1.3m property.  

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Typically, HUD charges a daily fee for extensions, which varies depending on the property type and the number of extensions requested.To request an extension, contact your HUD representative or the Asset Manager handling the sale.

They’ll often have leads on deals before they go public. https://www.biggerpockets.com/business/finder/agentsWith your experience in renovations, you may be able to find value even in these challenging properties.

Challenges?

Pest Control: Owner handles big problems such as termites etc; tenants keep the place clean to avoid pests.9.

He jumped on the short-term rental bandwagon, hired a property management company to handle the day-to-day, and hoped to write off a hefty sum against his W2 income.However, his journey took a turn for the worse when he got audited by the IRS.

This is because losses in a Partnership LLC are generally considered passive or non-passive depending on your involvement, and the structure of the LLC can provide more flexibility in how losses are handled."

We manage our showings using Buildium and Tenant Turner, which integrate seamlessly for handling leads, scheduling showings, receiving feedback, etc.