I've found that if you're going to do section 8, a lot of your trust is in the property manager to make or break the deal.

Unit was rented by some one who was the manager for a about a year and then gave over managing to me.

I've learned a lot in my 4-year project, and it has been a lot of work.

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

Although we do have our own money in every project we do, we rely heavily on our network of Private Lender's.

I was wondering if you found a lender, and if so, how your project is going.

➡️Manage existing portfolios.

Cleveland and Dayton can be great markets for high cash flow and low purchase prices, but you need to be careful when navigating the neighborhoods so you're not buying in a D/F class area where no property managers will manage and where you'll never see any positive cash flow.

Are these forums a good place to connect with managing partners for JVs or syndications?

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.