,Verified employment letter.The lease was for a yr.Lease ended in 2021 and tenants asked for 1 more yr of extension before buying home.We extended 1 more yr till June 2022 as they were good tenants ,paid rent on time in 2021 and did take care of ppty,no violation of lease etc.Fast forward to 2022 , Rents start coming in late but always paid late fees.April we asked them to get into a written contract with us to purchase and provide proof of funds..Tenants says they cant secure financing .interest rates are high. bla bla bla...we offered owner fin with 15%down ,they say they only have money for 5% down.DEAD DEAL.60 days ahead send non renewal of lease letter.30 days ahead notice to vacate send.20 days ahead hand delivered+ Registered mailed lease violation (pet violation and late rent)..

The lender will push you to deliver results based on timelines as set forth by the guidelines.

The best ones often have 2 or 3 other clients, so if they're busy the day you need a cleaning they just decline (no pressure) and the job gets sent out on a first come first serve basis to the rest of your cleaners.If you're honest and fair with your team, this system works pretty great and the best part is it's VERY scaleable if you end up really happy with the results and looking to invest in more long-distance STRs.In my example, there would be a separate manager who actually buys/delivers supplies and fixes things.

You are not only doing a disservice to your tribe, you're doing a disservice to yourself if you refuse to share your service, idea, knowledge, talent or product with the world.Step 1: Customer Service MasteryMake each touch personalBuild rapport with each investorGo above and beyondBe a really good listenerRespond quickly to all inquiries including social commentsBe accessibleBe respectful always Step 2: Create Transformation In Addition To Adding ValueBring them into your company by delivering valueProvide excellent customer serviceGive them an initial offer to help them transform their mindset, portfolio, or financial well-beingOnce you have solved their initial problem via transformation, help them identify the next problem you can help them solve through an additional transformation you can help them makeStep 3: Investor-Focused CultureBe intentional and nurture the perception that your investors have about your company and you as an individualYour investor wants to see their future self in youBe authentic and transparent alwaysIdentify the future-based transformation that you want for your investorsEx: I want to create $100K/yr passive income for 1000 investors.

After this has been delivered to the AMC ( Appraisal Managment Compnay ) it shouldn't take the appraiser more than 24 hrs to make the correct adjustments.I hope this helps and have a good one.

In one case I had 6 different contractors show up to work up a bid and not a single one actually delivered anything, even after a follow up a few days later.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Due to the nature and size of what we invest in (commercial multifamily & self storage) the deals take teams to find & deliver.

I nI am timing it so that when I hit 50k miles and run out of warranty my Cyber truck will be ready to deliver. 

Best Buy will deliver, install and haul away the empty box and old appliances.