I do property management only that saves 10% and can be done while managing a W2 job.  

Originally posted by Alison Robinson:Hello all,I am in immediate need of a Commercial/Residential Property Management Company representing owner-landlords on the South side of Chicago.

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

So, I’m curious how you are managing to find your deals, whether you are buying at auctions or via marketing direct to sellers.

After three years of managing all businesses and properties, we built up our capital and transitioned into full-time investment in Multi-Family Commercial Units.Since then, we moved to Nashville, TN, got engaged, and have two beautiful fur babies.

Rinse and repeat as many times as life allows, or convert to buying pure investments.Consider employment with a property management company.

Hey @Brandon Wallace so first, you are managing a Short Term Rental, not an AirBNB.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

I’m inclined to hire a property management company, but still considering all options.Problem is - the property is UNIQUE.

Do you manage your property yourself?