It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.

It’s impressive that you managed to keep your monthly expenses relatively low while securing a strong rent of $4,500.Your background as a Realtor and the benefits you leveraged as a veteran clearly gave you an edge.

Vacancy & Risk Management✅ Plan for at least 1-2 months of vacancy per year to avoid financial strain.✅ Understand eviction costs and legal processes in case of tenant issues.5.

I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.My goal is to build a good cash-flow portfolio to ease into retirement. 

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

I immediately recognized that the listing agent/property manager had the current rent well below market & the asking price massively wrong.

In my capacity in property management in the Chattanooga area, I work with quite a few brokerages and am more than happy to give you my perspective!

That means creating a clear budget, forecasting cash flow, and maintaining a detailed financial model that tracks both the current and future performance of your portfolio.Tax Optimization & Risk ManagementBeyond financial clarity, strategic tax planning and risk management are essential to safeguard and grow your real estate investments.

I've always wondered if I could transfer to construction management.

Our management company currently collects a traditional deposit from all tenants, including traveling healthcare professionals.