Using property management tools like Buildingium, AppFolio, Cozy, TenantCloud, Stessa, Property Meld, and Fixed Repair helps run the place well.

The seller is responsible for repairs and taxes. 

Extensive drywall repair needed in over 1/3 of this 4BR/2BA in Washington,DC.

. - When dealing with inspection negotiations, I have found that sellers respond better if we ask for concessions as opposed having the seller complete repairs prior to closing.

If you want to pursue flipping you could start off small with something that needs updating and general repairs rather than a massive flip, that is what I am currently doing.

Total gross rents are a bit over $16,000/mo with a little over half of that being net cash flow after ALL expenses (yes, I include capex, repairs, vacancy too).So I suppose the average per door is near $700 in monthly net cash flow.

They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.

Reason, better efficiencies.You should ask to speak to a manager that can review your property maintenance history to discuss why there are so many repairs. 

The reason we keep that number is if we have a major repair we have the funds, or if we lose a tenant.

Purchase price: $51,000 After repair value $140,000.