Hello everyone!  I’m excited to get started on my real estate journey. I’ve done a couple of fix and flips but I’m looking to build a rental portfolio. I’m looking in the DFW market initially and I’m definitely open t...

It puts a face to management and allows to open doors for repairs if need be and makes them aware of who owns property now.

I self manage, have a cleaner but I also sometimes turn the unit myself.

The clients we work with who have found success letting us help them find highest and best use of properties, then we manage them for a year, and then pull out 60-70% of their money, and do it again - rather than waiting several years for a home run hit. 

I follow the letter of the law( no matter how much I may not like it) that's part of my risk management and my reputation.

Also, any advice on managing budgets for PPC in the real estate sector would be really helpful.Thanks in advance for any insights. 

Then you can manage the calendar.

Property management can definitely make or break things, so it’s inspiring to see how you’re prioritizing that.Looking forward to learning more from your journey and sharing ideas as we both navigate the real estate world!

When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.