Plus the mortgage company probably calls the loan, and if you can't pay it off then you can lose the property.

For property management, choose a company with a good track record in STRs and transparent fees.Happy to connect with anyone looking to share insights!

One risk I could think of is - Even witb a 20 year guaranteed lease, thr company could bankrupt & may put me in a situation to look for a tenant.

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

Insurance companies and car dealerships and plenty of other consumer businesses close by.

Also never pay any upfront fees and go with a trusted lender who closes through a title company. 

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

I own a MTR management company in Los Angeles, currently managing 27 properties.

Hi @Joshua Manier,**I'm not affiliated with any of the companies mentioned**Your strong financial profile and low LTV puts you in a great position!