I heard they are scamming people, but never dealt with them personally

Owner says rents are about $2-300 under what they could be but with the tenants being loyal and the way they are their own small community she recommends not raising rent.All 7 homes run off of 2 wells.Some differed maintenance but overall nice condition trailers range from 70s-80s model Owner says property manager/handy man lives next door and handles everything for her from maintenance to collecting and deposit rents.

There are three main requirements for REPS: 1) 750 hour rule 2) Greater than half of professional time rule3) Material participationHere’s a great article that walks through the necessities for your spouse to obtain REPS status.Do you have questions on the ways to benefit from a cost segregation study without personally obtaining REPS status?

My realtor recommended a GC he’s used in the past for his personal properties.

Quote from @Jason Weber: I am curious to know how many properties/units this person is managing and how much you are saving by hiring them instead of a professional property manager.Management involves a lot more than collecting rent, showing vacant units, and turnover.

WHEN I LOOK AT ALL THE YOUTUBE VIDEOS AND TALK TO CONTRACTORS THEY ALL SAY PRETTY MUCH THE SAME THING, THEY ARE VERY SIMPLE TO ASSEMBLE WITH LIKE 5 PERSON CREW, ONLY TAKES MAYBE 15 DAYS.

But, I will be finding/negotiating the deal, listing the property for rent, screening tenants, and handling all maintenance myself.

Your draft person should know about this, but make sure you check this.

@Graeme HarrisGive notice to the tenants and any unknown occupantsWe typically have an attorney handle this as it is more powerful when it comes from them in my opinion.If you do it yourself I would either send certified mail or hand deliver it to them and acknowledge receiptYour location may have specific rules on what is considered service

I personally save a fortune on taxes and my clients do very well with this strategy.