We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We are in a better market to look for investment opportunities in Suffolk than last year.New Multifamily listings in 2024 are trending upward when compared to the first 4 months of 2023. 

Even with professional management in place, you’re going to deal with a lot more issues that cost time, money, and headaches when investing in higher cap rate properties compared to places in locations with stronger fundamentals and better tenants.

STRs do seem like a lot of extra work, with higher risk/volatility, when compared to LTRs. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It's also an old house without renovation so highly unlikely to get a high rent compared to the area.

@Olu EfunwoyeCap rate is just one metric to compare a property and determine value.

Do one task in each app to compare apples to apples.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.

They bring you “convenient” comparables that’s aren’t real ones.

The comparable on Air BnB are few, but seem to be renting around $65-85/night.