Leasing out property to a management company.

Hi Everyone, I was wondering if anyone has experience with using your rental property as a halfway house for companies such as “oxford house”.

Have these contractors seen your insurance policy?  

Two years ago, it was higher and sellers wanted money hard day 1 in a lot of markets.I would ask brokers and property management companies and attorneys in the marketGood Luck!

As a result, we're calling another appraisal company out and it's going to take a few more days before we wrap up. 

I've heard Stessa and Buildium for the most part but find it's actually very difficult to use for the average small scale landlord (I have 7 doors)The cost of Buildium I think is way too high for the small scale self managed landlord like myself. 7 units comes to $55/monthAs for Stella, the UI isnt the greatest and probably tailored for more property management companies, and the accounting features are rather lacking for Canadian tax laws.

Even if it doesn't, that should be your policy starting today.2.

i would say it depends on the overall investment strategy. im not really familiar with STR rentals in your area. personally i like the long term rentals, especially if you are trying to be hands off. we have two STR's, one we manage ourselves in FL and the other in Gatlingburg which is managed by a company. even with an STR rental company, i still find myself managing the manager. both require work and are by no means passive. long term (to me) is nice given time investment. hope this helps. 

Nobody knows lead conversion rates, except maybe the company who is converting them. 

When someone asks you any question, you should be able to answer it with a policy or deal with it using a procedure.Software is less critical when managing a small number of units.