Whether it's mold, COVID, or a non-paying renter, a quality PM acts quickly and decisively to protect people, property, and the landlord.If you feel the PM was negligent in their response, you can file a complaint with the state commission.

Learn property management, analyze rental demand, find high-quality tenants, and budget for renovations and repairs.

@Scott ChampionRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

You’ll need a decent printer, quality paper, envelopes, and time to process everything, plus the patience for repetitive tasks.Outsourcing, while more expensive, saves a ton of time and ensures a professional look.

I also cherish spending quality time with my wonderful fiancée, Miranda.I can’t wait to connect with all of you!

The big problem here is if the quality of work is no good.

Quality contractors already have their plate full . 

@Tyler Gilpin When you say "does pretty well", is that more of a commentary on the quality of the tenant (aka "lack of damages to your property") or the timeliness of payments (either via HUD or the tenant's portions)?

Throw in some extra costs like moving expenses, professional photos (a cost the STR PM may also need to pay depending on the quality of the existing photos), renter's and lessor's insurance and a listing on furnishedfinder to round out some of the start-up costs.

In my market it seems the higher-quality renters want interaction.