Just want to drop the message here, anyone located in Dubai or distanced managing properties there?

I have many questions about this topic - moving from self-managed to PM - I'll post something separately on this topic. 

. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

For liability purposes our financial advisor is recommending creating a LLC for managing all of the STR stuff.

I am also planning on using a property manager as I have an 8 - 5 full time job.

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Are you currently self-managing or do you have a management company?

Until then, I'll be trying to absorb everything I can to fine tune my approach and prepare for managing REI business post-acquisition.

I'm now figuring out how to maximize the return on current properties and add value, efficient ways to self manage, etc.

First things first, when assessing property managers, it is crucial to prioritize their ability to collect rent and manage delinquencies.