Proactive updates can prevent misunderstandings and build trust.By balancing the needs of these three stakeholders,  a harmonious ecosystem can be created where all parties feel valued and invested in the success of the property.In summary:Property management isn’t just about collecting rent or fixing issues—it’s about creating value for everyone involved. 

I am so excited to be more involved on the BiggerPockets site.

Are you being compensated to do the management if there are partners/family members involved?

I’m also from the US so I follow that market and am soon to be involved with a couple of exciting projects in Seattle & San Diego

You would also want to ask what is your current rate, what rate can you get, what are the closing costs that are involved including points, ect.

I’m sure you’ll find plenty of opportunities to share insights while also connecting with other professionals and investors who can help broaden your understanding of real estate.Looking forward to seeing your contributions and following your journey as you get more involved.

To resolve this as quickly as possible, you can either choose to level with the person and see if they'll agree to move out on their own accord (you may need to offer concessions) or get an eviction attorney involved.

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

I’ve been involved in lending for a while and know that financing can sometimes be a bottleneck.

High borrowing costs right now, so have to look at what you're able to produce vs the borrowing cost. 1031ing can be a super powerful strategy, but there are time constraints involved.