Due to some changes in my life & family situations, I'd like to gradually move towards more passive income & optimizing for time with family.

Information that I currently have:Unit Configuration:The home is divided into three separate one-bedroom, one-bathroom units.Two units are located downstairs, while one unit is situated upstairs.Interior Condition:The units have not been updated recently and are currently rented in their current condition.HVAC:I was told by another investor that viewed the property they  had not see any central heating or air conditioning units.Given the absence of central HVAC, I'd like to gather insights on potential buyer considerations, alternatives for providing heating and cooling in individual units, and any impact this might have on the property's market value or rental demand.This information provided by the owner/listing agent:Rent Roll:Unit 1: Currently at $450 with a planned increase to $575.Unit 2: Currently at $575 with a locked 1-year lease.Unit 3: Currently at $650 with a locked 1-year lease.Security Deposits:Unit 1 and 2: $200 security deposit.Unit 3: $650 security deposit.Utilities and Expenses:Tenants pay all utilities except water, which costs approximately $75 to $100 per month.I'm curious about best practices in managing utility costs and if there are strategies for optimizing water expenses.Repairs and Maintenance:Recent major replacements: roof, water heaters, and plumbing lines within the last 2 years.Condition of the Property:The property is priced low due to the need for interior work, primarily cosmetic.Any expertise and advice would be immensely valuable as I consider this investment opportunity.

You should consult both an attorney and a CPA/tax-professional.The attorney will help ensure that your assets are protected, and your tax professional will help ensure that you receive optimal tax benefits for your specific business plans.

And, you get two free meetings with me to help set up initially, as well as an optimization call towards the end of your first month to fine-tune based on your own results and data.

Happy Friday everyone!I have been seeing a lot of questions in groups recently regarding how to price your STR, how to increase occupancy, and ultimately, how to make more revenue each month. Here is what I have done ...

My investment $$s and time commitment have considerably increased over this time period, and I'd like to optimize my tax position. 

The work orders you receive from Appfolio can be placed on the CMMS, but you also have the features you are looking for: materials warehouse, time tracking of projects, tracking of spare parts used and in stock, tracks the maintenance man in the field, will help you optimize workflow, keeps your policies in the field, contains every system of every unit in one place and creates automatic tickets i.e. for the annual HVAC inspection, air filter changes, etc.Nobody here can give you a shopping list that will make you more efficient.

Also I would send a letter that was personally addressed to a list like yours for optimal open rate.

This involves thorough cleaning, repairs, and updates to ensure that the property is in optimal condition for new tenants, ultimately contributing to a positive tenant experience and long-term property value.Client-Centric Approach:At our company, we are dedicated to keeping you well-informed and actively involved throughout every step of the resolution process.

Any designer/architect can theoretically do the work, but those who have done many small units are experts at optimizing space while not detracting from the aesthetics.