However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.

They offer great advice on handling these situations, including tips on dealing with the sheriff and eviction procedure, as well as navigating money judgment collection.In terms of whether you should hire a lawyer or manage it yourself, it depends on the complexity of your specific case and your comfort level with the process.

I waited a few days and raised my offer to $255,000 and they accepted. 

My CIPS® designation and global network allow me to offer clients insights into international real estate trends as well.

AI tools like HouseCanary and Mashvisor also offer predictive market analysis, assisting investors with better decision-making.

@Stephen Akindona in our experience, the PMCs offering:- No Termination Fees- Tenant Replacement Guarantees- Eviction Guarantees- Flat Fee Management- Etc.only manage Class A & B+ properties, or bite off more than they can chew and their services suffer.

We knew the place was special, that's why we jumped with a full-price offer.

Baltimore Market Snapshot:Multifamily: Baltimore’s got a decent multifamily scene—median rents hover around $1,500-$1,800 for 2-3 unit properties, with Class B and C buildings in areas like East Baltimore or Hampden offering cash flow potential.

Our New Equity Based Offering!"

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!