A detailed screening process and ongoing training can make a huge difference in performance.• Clear Guidelines & Performance Metrics:Defining clear expectations, call scripts, and performance benchmarks helps maintain consistency.

People had to move to used  or as we did had to open more services to match different box configurations.  

On paper it looks good, but the reality is a different story.

Is a different town from where i have the other properties.

My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

Every HML will work somewhat different but here is the standard flow:1) Get pre-approved with an HML - This should be free.

How long it takes to be financially ready is different for everyone.

If there’s a significant difference, it might justify the cost of adding more beds.For example, we manage a 4BD property where one bedroom is currently locked off, so it only sleeps 6 (1 king, 2 queen).

If meaningful appreciation is on the horizon, its a different story.If you were to go the financing route, blanket loan may be your best bet through small local bank or alternative lender.

I would highly recommend Realty One, the realtor Derek helped me solve all the major issues that came up and supported me in running the numbers for different properties.