Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.

Building a trusted network of contractors will save time and ensure consistency as you scale.

With Debra's expertise and keen negotiation skills, we secured the home for $100,000, ensuring it was positioned for a profitable and quick resale.

Here are some thoughts on effectively managing these relationships to ensure all three stakeholders feel valued and respected.Stewardship of Owner FundsProperty owners entrust PMs with one of their most valuable assets, and being good stewards of their funds is paramount.

For your first guests, go the extra mile—leave a welcome note, provide thoughtful amenities, and ensure the place is spotless.After their stay, send a friendly message like, “Thanks for staying!

You should learn how to analyze property to ensure it's going to pay for itself.A couple suggestions:1.

A checklist ensures that all necessary steps are taken to transform the property's image and appeal.

I recommend that you engage with a real estate accountant to ensure you set everything up properly. 

We had a back to back booking that day so the cleaner was there at exactly check out time to ensure they could turn the place in the 4 hour gap we have. 

I also help investors analyze deals in any state, providing insights to ensure they make informed decisions.While the markets Greg mentioned are excellent for investing and tend to be more landlord-friendly, Chicago—being the third-largest city in the U.S.