We have started including disclaimers to property owners when dealing with water penetration especially on interior walls that can come in from the roof, the siding, windows, doors, etc.Generally if you're not happy with your PM you should trust your gut and try out someone else, but also keep in mind 2023 and 2024 to date have been the most difficult leasing years in the last 10 years nationally and especially in Philadelphia.

A PM robbed me and my partner of $40K, including two months rent and security deposit.

I have some San Diego STRs and MTRs and will say we had the slowest off season since the Great Recession (not including COVID lockdown times).  

Financial Management:Keep a tight grip on your budget, including acquisitions, renovations, and unexpected costs.

This includes quiet hours, laundry uses, backyard uses, etc.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Our original strategy included St John as a lifestyle air bnb play while working remotely and living summer to summer.

Of course this doesn't include expenses either and they will similarly mark up anything they pay for.

Income is around 20K, Expenses (including paper deductions) about 20K. 

References for this include IRS Tax Topic No. 414 which details when to use Schedule C for rentals, and IRS Letter Ruling 202151005 which details when self-employment tax is applicable to rentals (which is equivalent to choosing Schedule C vs.