Note that these folks are super hard on properties though.

Can I ask how you are financing your investment properties?

This property had strong potential for adding value, especially with its ADU (Accessory Dwelling Unit) potential.

Does any one have suggestions for property management companies they have had success with in the Richmond, VA area?

So you would be getting a hit of $1,642.5 per month on the properties based on the numbers you provided approximately.

We work with many STR borrowers, and the returns can be great if managed well.

I purchased the property 10 years ago with the idea of it being a long term investment.

But honestly yes most agents are gonna pitch you, doesn’t mean you can’t get good information or make good connections but definitely understand everyone in real estate only gets paid if they sell you property. 

Our question is, from initial agreement through closing, what costs may we incur outside of management fee and interest that are part of the terms?

I used shoot to sell to take photos on my first rental property.