Since the repairs were two owners ago, I would think the town may be a little more lenient with you.With the new kitchen and bathroom, were they existing and just got renovated or were they added on?

As a PM, I'm authorized to make emergency repairs without owner permission.

Of course could be a little different but thats generally how it  all works.

@Stacey OlsonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Maybe something that needs just a little work, but in a great area.

What's up, everyone! I've been a member of BiggerPockets for 5 years or so, but have never truly contributed to the platform. It has helped me over the years so much, and I wanted to get started contributing back to t...

The ultimate tax hit is at most $5k (20k * max 25% tax rate) and it's probably not worth it to 1031 exchange for that little of tax deferrals.

I keep mine a little below market to prevent turnover.  

You pay a higher price for beautiful properties because you are competing with owner occupants. 

From day one, we’ve never loaned a dime to anyone we haven’t previously met and gotten to know at least a little.