These can often be acquired at significantly lower prices than those listed on the market.

How often does that happen?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

How often do you update and optimize your listing?

I am often asked this question:  "What is my biggest financial risk in buying/owning a short-term rental property?"

There are clear affluent areas and forgotten areas of Janesville, but I will always stand by my opinion of tenant screening being the best defense of your rental property value.The Northeast side is, by popular opinion, one of the best areas to be in for newer duplexes and larger lots (for more money, of course) - take a drive down the side streets off of Wright to get an idea.The homes here are at a premium price, and rents are higher, but we've found the ROI is too low to start out in that area. 

So you can buy with tenants and receive the list of tenants with their lease agreements but they are not paying tenants.

Go to the website of some large hard money lenders and you will often find a link that says “Affiliate.”

Without positive reviews, you often have to reduce rent to obtain tenants.  

Map out your goals and rewrite them often to help guide your decisions.