Collection is on time, they address repairs promptly, leases get renewed and increased based on market research.

Im actually not going to do that quite yet...but I suggest you both take a look at all the options available for financing, and using debt as leverage, and how to optimize them for investing and paying off mortgage debt...there are some really good strategies for using a HELOC to leverage towards real estate investments and paying down mortgages as well as other installment and revolving accounts (secured and unsecured) and I suggest you do your research before coming to any conclusions on this.

This frees you to focus on higher-value tasks like growing your portfolio, owner communication, and big-picture strategy.2.Adopt a Portfolio Management Structure: Early on, I ran a departmental structure (separate teams for maintenance, leasing, collections, etc.), and it caused inefficiencies and communication breakdowns.

Get a DBA and use to open a business bank account.Have your properties "hire" the DBA to manage your rentals and collect rents.Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent

One hill I will die on is optimizing for minimal assembly.

Many (most)lenders specialize in just a few loan speciality types, which may not include the type that would be optimal for your particular situation.2.

Add to this the new rail link from Cancun to Chetumal stopping at Tulum which is planned to open by 2025, at which point property values will soar, making right now the optimal moment to get a foot in the door.Back to us, Lichterman Rogers Development Partners (incorporation pending): We are all set up and ready to roll offering design, management, legal and facility management services, and are looking to find individual investors as well as major equity partners to get our first development off the ground.

.- Rental loss - PadSplit claims they collect 97% of rents, but I've spoken to a few hosts who have said that a much larger % of their tenants get kicked out owing $500 or more in back rent that is rarely ever collected - what's your experience been here?

An example of this is I had one trash company that collected the same three containers for $90 less than the in place trash removal company. $90/month X 12 = $1080 increase in NOI, at a 10% cap rate that small change increases the value of that property by a whopping (1080/10%=$10,800)!

The property before the 1031 exchange was collecting $1600 a month rent.