Hello BP,Recently, I decided to move out of the house that was my primary residence for four years and make it a rental property. My plan is to obtain a triplex or quadplex and house hack that for a year. This seems l...

Hi @Sanjay Fernandes, I'd like to talk - I had a property with them and had to transition to another PM company. 

Currently, there's only one water meter for the entire duplex, and historically, I've been responsible for paying the water bills every month.However, I believe it's time to transition to a system where the water bill is split between the two tenants.

Hey All! 👋  So excited to announce that I have just closed on my first Property, a Triplex in Pittsburgh, Pa.  For financial, insurance and logistical reasons, I will need to occupy one of the two units that are curre...

Would the mortgage need to be transitioned to you at some point in time? 

One of his questions was the transition of the properties from his current PMC to mine.

Sometimes, using strategies like a 1031 exchange can defer these taxes while transitioning into another investment.Highest Long-term Returns:Generally, if the property is in a high-growth area, holding might offer better long-term returns through appreciation and rental increases.

As of now I am looking for any advice on what I should be doing to prepare for this transition and how people have successfully managed room sharing properties.

Property is versatile posied pretty well for STR’s and long term hold I feel given the location.The investor group seems to be streamlining into new construction and flipping / selling from what I gather (lots of properties on market now and new construction projects in development, I think the selling agent mentioned they had 400+ SFH in portfolio currently they are trying to sell off and transition more so into new construction and large scale apartment complexes) and have own separate businesses in the HVAC / Roofing / flooring world etc.I think my take away here is that I need to get my hands on the previous inspection to see what came up and check it off.

I have a call this week to explore this option for hosts and see how PMSs can make this transition easier.I am in the process of creating a direct booking site and wanted to make sure I was using the best PMS system for me.