My publishing business is now running smoothly and transitioning into profitability, so I’m turning my focus toward my next venture: multifamily real estate.

They’ll handle tenant screening, maintenance, and rent collection, ensuring things run smoothly while you focus on growing your portfolio.Ultimately, starting local and self-managing is a common path for new investors, but outsourcing property management or investing remotely can work well with the right systems in place. 

I can say there are specific custodians we like to work with who are streamlined and smooth process and some who make the process a lot more labor intensive, and have had two investors using the same custodian and have one tell us we need to complete this form and the same custodian tell their other client that its a different form.

Your feedback will surely be appreciated.I have never had to file a claim with them so far, so everything is going smooth when getting the insurance.

It is not a set it and forget it thing though, you'll still need to be active and review monthly statements and manage things to make sure everything is running smoothly. 

The big one is worth 850k in a class A/B north side Chicago neighborhood and it runs super smooth, never an issue and tenants all on auto pay.

If everything goes smoothly, I will pay you back all the overages of that double the escrow.I'd be interested what they would say to that! 

Period.I love my family, BUT the stories of issue with family doing business with family are ubiquitous.I hope all goes smooth for you and everyone is happy, BUT......My 2 cents,Mike

The right structure ensures a smooth, win-win partnership!

As you progress, maintaining a clear line of communication with your team, especially your property manager, will allow you to stay ahead of maintenance issues and tenant needs, keeping your operations smooth and your tenants happy.If you haven't done so already, consider outlining your goals and investment criteria with a property manager early on.