Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

We always make different exceptions for long term tenants due to what is considered normal wear and tear from a one year tenant compared to a 5 year, but cleaning isn't typically something we make exceptions for. 

PMs can minimize their suffering from unrealistic expectations by showing comparable properties that are on the market for rent and having a discussion with the landlord as to how their property compares and how his property can be more attractive to renters.Landlords are running a business. 

I'm not saying "wow, what a deal" or to copy this I'm just saying when compared to SFH or continuing to rent, the 2-4 unit househack is very appealing and thus demand is strong.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Cleveland, Baltimore, Toledo, Indy etc....You will see net population decreases in most of these areas but these are the areas where the prices are the lowest in the USA and come with rents that are very high when compared to the sales price.

What are the comparables in your market doing at your expected price point?

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Are there any unique considerations or red flags you look for compared to the traditional rental process?

In addition to this, I've had 2 clients this past year tell me they used Airdna in '22 and '23 to see projected and estimated income and was drastically different than actual income made with very comparable properties.