I have a property that is in the middle of being renovated. There will be 30+ units (80% 1BR and 20% studios) that need to be filled when renovations are completed. What is the best way to get them filled quickly?The ...

.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.

- Replace the flushing mechanism about 20 bucks or replace the toilet with a water efficient one if holding long term. 

After the 3 year redemption period you need to do noticing, file law suit, get a judgement but instead of taking ownership of the property like you do now, the new system will cause it to go to a tax deed sale to the highest bidder.

I wonder if there is a waiting period before changing from short to long term. 

My wife and I had a new complaint.. 2 weeks after a guest checked out (actually 15 days 😊 so the review period expired) we suddenly got about 10 messages from a previous guest that all read “image sent”.

The test I would use (if I were inclined to consider turnkey) would be to ask that I be put in touch with a former/current client who made money over some meaningful period of time using the system and was willing to be transparent om sharing the numbers with me. 

In declining his offer I would go ahead and set the expectation that you are granting him a promotional rent for this lease period only  and he should expect a rent increase at lease renewal.

The DSCR can be interest only for a period of time, often is 30 year repayment period. 

The unfortunate thing I sometimes have to explain to my client is that what they "want" in rent isn't always what the market will bare.Long term the real goal is to put tenants in place who will respect the home and remain your tenants for a long period of time.