Conversely, how does the fact he's managing it on a day to day basis contribute?  

I have been using hospitable for my management now, but open to other platforms.

I'm curious, Is this PM out of touch with reality OR on how rental property owners, that don't self-manage, feels?

Hi Igor,I'm with Sunnon Property Management and we work with real estate investors that want to rent out their home and we also do all rehab work. 

From a property management co owner we don’t need any reason not to renew someone’s lease.

I was just speaking with a property management company and he isn't having any trouble renting his units. 

I don't care if mortgage broker shop got 10k applicants more in Dec23, I bet you a lot higher # of those are less qualified and not even qualified to buy than expected.

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

There are also online portals from many property management softwares that allow people to pay online. 

Once she moved out a couple years later, we hired a property manager and they have been great.