Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency,  trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.

@Robert NelsonI Did a condo as one of my first investmentsPros - 1. little maintenance to responsible for.2.

Also a good opportunity to learn some DIY maintenance and make some contractor contacts,etc.  

How much deferred maintenance is there?

The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.

I’ve also worked for a few investors, focusing on organizing maintenance, handling tenant relationships, and coordinating upgrades.Now, I’m venturing out on my own.

Or if you want something lower-maintenance, stocks or other passive investments could be a good option.What’s your next big financial goal now that the mortgage is off your plate?

-Recurring and Seasonal Maintenance Tracker -Finding a Market-Analyzing a Market-Property Closing Checklist-Underwriting and Analysis Worksheet-Due Diligence Checklist -Buy Box Checklist There is no reason to recreate the wheel.

The interior was outdated, the landscaping was overgrown, and several deferred maintenance issues were apparent.

We sold a house with a low rate that would have cash-flowed really well because I saw the future deferred maintenance.