It seems like a lot of people have great gimmicky stories about how they get creative when managing properties.

We have our bookkeeping covered for now through our property management.

Hi Steve,You make good money, but could use a little better money management if you are going to start investing in real estate.

It's not horrible every time, but I would estimate 1 out of 20 rental situation resulted in a bad tenant, case manager, accounting errors, etc.

Property managers that over promise, work not fully completed to satisfaction, things not being installed correctly, etc.

He replied that he was working with his management to get resolve in this issue which he agreed was bad business.

Have a team in place to manage the property well after the sale. 

B grade property walks are attended by my children to run around and tell me which bedrooms they would pick if it was their home.43605, 43608, 43609 are the popular zipcodes for bottom-budget value purchases...I manage a ton in these areas and my personal portfolio contained over 40 43608 properties at the peak. 20% of these properties will be crazy money earners, 20% will be astounding money pits, and 60% will fare average.I have evolved into the nicer 43612/43613 for my personal portfolio and find the properties earn consistently and far smoother than my 43608 houses. ($80k renting for $1200 vs $40k renting for $800 multiplied by the ratio above vs boring consistency of the nicer area) Oh and I have zero excitement for apartments.

I would manage the property.WHAT am i not thinking of, or considering?

Hello All,
New Member here. I'm happy to be associating with like minded people.

Thanks,
Averil