The out-of-state seller utilized a typical property management company which resulted in bloated expenses and a rent roll below market levels.

• 4 apartments renovated just 8 weeks post-closing after buying out existing leases• $33K per unit renovation, achieving 27% ROI• Legacy tenant rents increased 10-20%• $148K capital investment generated 50-60% rental increases• Professionalized property management added What was the outcome?

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Hey Stephanie, If I am being totally honest I think you should hire a property manager.

I have recently started using Obligo in my property management company (MS Coast Rentals).Tenant move out is super easy.

It's important to manage your calendar so you don't allow far-out STR bookings that would interfere with a more recent MTR stay. 

House hacking will also give you some personal "property management" experience.

They are seeking a project manager who can manage to assist with the rehab PLUS they can bring with them a rehab/flip construction crew.

Conduct a thorough inspection to assess the true condition of the property.High Vacancy Rates: Excessive vacancies can signal underlying issues such as poor management, undesirable location, or an oversaturated market.

Overall the positives outweigh the negatives in my experience and what you lose in nightly rate you make up in occupancy/overall income and ease of management.