My insurers reimburse me for what I didn't use; it can take a few weeks for the check to come, but that's just cash flow management then.

**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.

I own and manage 14 single family homes, all occupied nearly 95% of the time (stable rental market in my area), and currently analyzing a deal and figured why not ask for more input from all of you!

With hundreds of rentals under management, it is extremely rare that I let a tenant do work.

We are starting to sell cabins individually and transition into property management, which will enable us to grow and decrease our workload.

This strategy requires knowledge of local markets, renovation costs, and the ability to manage or oversee renovations.I am a loan officer and I could advise you on how to tap into that equity and put that money to work.

@Michael Bishay I leave screening tenants up to my property manager.

You can use it to build a nice-looking store for your add-ons and it nicely integrates with most property management software, so that you can automate sending the store link to your guests

Complete a rental verification, but it should not be from any family member or an individual, request there last apartment, or property management company as a rental verification.

I'm Savannah, the Creative Manager for BiggerPockets.