This also leads owners to ASSUME simpler is better when it comes to management contracts.

I individually priced all my materials and got several estimates from contractors.

@Kyle McVay I self-managed my first 5 units and then transferred all new units to a PM.

Ran into many problems with contractors along the way, paid for some material twice as well as some projects to be redone.

To set the stage, I'm owner of a short-term rental property in the Poconos in PA and we use a property management company for bookings, maintenance/cleaning, guest management, etc.This past weekend we had a guest booking but when the guests arrived Friday evening the house had no running water, though it had been running fine earlier in the day when the Property manager (PM) was at the house to give a final check and leave the welcome packet.

@Tammy Elias The lease is tied to the property, not the management company.

The truth is, a good host will spend time managing each rental.

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

Try interviewing at least three managers.1.

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.