To address this, request documentation, update the lease, address rent payment, consult an attorney, and maintain a positive tenant relationship by communicating clearly.

Hello, @Chris Rich! 

RE is a get rich slow game and there are increasing number of people talking about how difficult it is to retire from your day job even with large numbers of rentals because cash flow is thin.On the one hand there is the Small But Mighty portfolio mentality which I believe is a book in the BP store by Chad Carson.

Without getting myself into a get rich quick program, I thought asking all of you good people here your thoughts regarding financing, project planning and experience requirements. 

Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward. 

The contract should have outlined the amount of earnest money you deliver.I actually have a buyers agent representing me, but still everything needs to be done ASAP and the sales rep is trying to push him aside and communicate directly with me.

However, I am seeking recommendations for the most effective tools and software for remotely managing my Airbnb properties, as I will not have a local short-term rental manager.Specifically, I am looking for software that can assist with property listing, pricing optimization, channel management, guest communication, and any other relevant aspects of property management.

We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.

The 500-hour rule means spending at least 500 hours actively managing your rental property, which could include things like tenant communication, maintenance, and bookkeeping.You can also group multiple properties together as one “activity” to make reaching the hours easier.

Are there ways to address this concern or to communicate the value of these unique features to the appraiser effectively—without overstepping?