Are you collecting properties or collecting money?

Quote from @D'Ann Melnick: Saw this was an old question, but it came up in search - this is all part of the rent stabilization laws passed in 2024 - https://www.montgomerycountymd.gov/DHCA/Resources/Files/tena...The pet deposit cannot exceed $300 and the total amount of security deposits collected cannot exceed two month's rent.

It has a full studio casita out back that will be an LTR.I plan on buying 3 or 4 investment properties this year after I learn more on the co-living marketing and rent collection side of things.

Yeah the plan is for her to do everything for the rentals, collecting rent, posting houeses for rent in Zillow, evicting tenants, tenant application, etc but I don't know if these would be enough for her to have spent 750 hours a year...

I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.

Forget collections agency.

Again I cannot collect rent to justify this cost/effort.  

Highly recommend (I require) collecting first month's rent prior to handing over keys.

All but one of the family members are on board, and we collectively own the majority, but it's 55% and the bank requires 60%.

After my P.M. costs I collect $940 or so/month.