Necessary tasks include general advertising, specific listings, booking reservations, securing rental contracts, collecting rent & deposits, cleaning, addressing maintenance and repair issues as they arise, addressing renter behavior problems as they arise, returning rental deposits, preparing reports for the owner.You may want to reach out to other rental property owners and property managers in your area to see how they are conducting business.

I wish you much success on your new adventure and look forward to celebrating with you!

Selling 150k houses is typically a much easier task than appealing to the 1M+ buyer pool.    

Are you saying that, because the condition was there and he could not perform the task, that he should be entitled to the full payment for a sewer scope inspection (even though the video report, etc. was a product of that)?

We converted our primary residence to a rental in 2015 and purchased our second home which is our current primary residence. a) Are there any specific tasks that i should do like inform our first property bank or update the home owners insurance ?

This is one area that has been debated back and forth, because the management aspect of real estate PM is more intensive than the normal administrative tasks clearly allowed, but technically may be allowable as the rules are written today.

I feel good about BP it kept popping up, I'm glad I checked it out, I know theres plenty of resl life lessons to learn and good networking to be had..looking forward to be of help to others as well.Good luck on every adventure every one!

If you outsource that task it’s not as daunting.

Some ideas for you, hope that helps and good luck with your rehab adventures.

There was a presentation at the Louisville Show last month from an Indiana community owner that is making it work in three of his communities.You can buy a 16x50 front porch model (one bedroom) from manufacturers like Adventure Homes or from a subsidiary of Fairmount Homes (Harmony) for about $15,000 delivered.