For those of you managing 100+ units, how have you found your software to help (or maybe not help) with keeping tenants long-term?

I’m especially interested in long-term rentals and techniques to enhance cash flow and ROI, driven by a passion for financial independence and building long-term wealth through real estate.I’m eager to connect with fellow enthusiasts, gain insights from your experiences, and actively contribute to this community.

Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental.

The terms of the financing (interest rate, balloon payment timing) need to make sense for your exit strategy.I would recommend getting a detailed inspection to ensure there aren't any major issues you're overlooking.

I would certainly remind the tenant the agreed upon terms of our agreement. 

In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing  my total taxable income by $100k. 

As mentioned this means the property can support itself and wont put me in a situation where I can cover debt, operating expenses or capital expenses.Annualized Return if Sold at the Five-Year Mark:This metric offers a comprehensive view of investment performance, blending both cash flow and equity.

Hi folks, this has been all over the news and social media so I hope it's not a surprise to anyone but I just wanted to cover all the bases.Due to legislation spearheaded by the RI attorney general earlier this year, there is a new RI rental registry in place that requires all rental unit owners (even short term rentals) to register every rental property and rental unit in the state of RI, by October 1, 2024.The website is www.rentalregistry.ri.gov and you will also need to upload a current lead certificate ("Certificate of Lead Conformance") for each rental unit.The demand is so high that lead inspectors are currently booked out into November and December, so I hope you already have lead paint certs for all your units.

EARLY MOVE-OUTTenant will be liable for a reletting charge of $2363 (85% of the monthly rent) if Tenant: (A) fail to move in, or fail to give written move-out notice; (B) move out without paying rent in full for the entire Lease term or renewal period; (C) move out at Landlord’s demand because of Tenant’s default; or (D) are judicially evicted.

Hard to tell without knowing the place.Then you have to worry about changes to the regulations that could mean your place can't be rented short term.