@Joey Gedgaud we take over a lot of properties where owner complains previous PMC:1) Poor communication, taking many days, sometimes weeks, to get a response.2) Maintenance work being done without notice or approval request.3) Surprises for extra fees, services not covered , etc. because the management contract was "simple & short" instead of thorough.

I'm currently using the direct booking website that Guesty for Hosts includes with the service.  

there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps

I purchased 2 duplexes in Morningside, Wayne County, #Detroit, Michigan (zip code 48224) February 2024.I am also an #Out of state investor.Both are currently going through repairs and updates necessary for the city of Detroit to give me the Certificate of Compliance for rental units.

It’s 100% bonus depreciation for properties placed into service in 2017-2022, 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026 and completely phased out in 2027.

Hey Annwar,        I'm a lender who services the Philadelphia area, if you ever would like to connect just let me know. 

We set up our own LLCs through online services.

Principle, interest, property taxes, property insurance, HOA fee, repair reserve?  

What you would normally want to do is establish your own escrow account for Repairs/Maintenance, as well as Capital Expenditures for your rental.  

Owed is around $550k, $275k 1st, $271k 2nd, BPO is $295k, both lenders came back with appraisals of $360k (the 1st) and $350k (the second) using nonsense repair estimates when she was in BK recently.