@Jeff Ryers a background check costs money, so free is not attractive.Also, no application fee, in our experience, only attracts broke applicants, who turn into nonpaying tenants.Google PMCs in your area and check their websites for their application fees.

This can result in higher depreciation deductions in the earlier years of ownership, providing tax savings.Tax Situation: Consider your tax bracket and the impact of increased depreciation deductions on your tax liability.

I knew the value of the property would increase.

Despite the hurdles, the median time to contract has increased by 12.90%, showcasing the market’s resilience and adaptability in the face of challenges.With active inventory soaring by 30.70% and the months supply of inventory climbing by 37.5%, it serves as a gentle reminder that in the realm of real estate,a delicate dance between supply and demand, opportunity and adversity.Palm Beach Townhomes & CondosNow, let’s shift our focus to Palm Beach’s bustling streets, where townhomes & condos exude an irresistible allure, merging urban chic with coastal tranquility.

I find that automatically sending a message to your new guests is very useful, you get to start a conversation right away and it increases the guest's experience.I also automate all my cleaning jobs with Turno that I find invaluable.

Once they've proven themselves, consider gradually increasing hours, offering incentives (i.e. bonuses) then lastly, increasing the hourly rate.** These are all rough #'s.

I'd suggest increasing rent to market at the next available opportunity in your lease. 

Also, keep in mind that as the value of your property increases, your tax bill will increase as well.4.

Increasing the rent that much will trigger vacancies. 

I'm not sure that I want to increase the number of properties I own (which you said would increase my chances of return), so I was wondering what my options were.