If you are serious about real estate, I highly recommend going pro.

(edit: the property can have up to 3 units built on it...house with attached separate apartment + unattached ADU)Of course, other people are telling me to park my cash in a high yield savings account and just chill LOL, but I'm not really comfortable with that either as an investment strategy.

Partner Driven was interested in the Wall Canyon Ct deal in Sun Valley, NV, due to its high profit potential.

Thanks for sharing the idea that Fix-It-All absorbs water and can promote rot in the wood it contacts.

This is causing water leaks.

It is right in the spot to access 2 beaches according to other listings on VRBO.I will say that most of the homes in that area are going for pretty high nightly rates, but they are also much larger. 10 bedrooms in one case. 5-6 on average. 2x the size with a average nightly rate of around $550 a night.Also, their calendars are amazingly full.

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

House hacking, especially in a high-demand area like the Portland metro area, can be an excellent strategy for building wealth and creating passive income.

Are you aware that every day you let water leak in the repairs from damage the water is causing to the property get more expensive?

Sometime after the inspection a water leak coming from the neighbors home caused damages to the property.