Cost-effective: Virtual assistants are more affordable than full-time employees.Time savings: Delegating tasks to a virtual assistant frees up your time to focus on core business activities.Scalability: Virtual assistants can handle increased workload as your business grows.Expertise and efficiency: Property manager virtual assistants specialize in property management tasks and can handle them efficiently.Enhanced customer service: Virtual assistants can provide prompt and reliable service to tenants, improving tenant satisfaction.Flexibility and availability: Virtual assistants can work remotely and be available during extended hours.Streamlined operations: Virtual assistants can automate repetitive tasks and implement software to streamline your operations.Focus on growth and strategy: With administrative tasks taken care of, you can concentrate on strategic planning and business development.In summary, hiring a property manager virtual assistant saves costs, time, and effort, while improving efficiency, customer service, and business growth.

Also they left a bunch of personal belongings in the storage bin, did some extensive damage (I know it was not the Tenant) when moving out of the unit, did not clean the unit and I charged an Administration Fee.

This shorter timeframe can increase the pressure on borrowers to secure alternative financing or exit strategies.Higher Fees: While there is no fixed industry standard, private lenders may charge additional fees, including loan origination fees or administrative costs.

How the PM company works for you and what is included is a negotiation based on what you pay out and where the property is located.If you have a very upscale building with really high rents and a solid tenant base with college degrees, professionals, etc. in a good area they might cut you a break on their fees.If you own a property in a marginal area or a war zone where the property manager will have lower rents and more problem type tenants due to lack of education, poor life circumstances, etc. then the rates will be higher.In that situation the PM company knows by experience they will have to collect rents multiple times, deal with damage to the units, drug and alcohol issues, evictions and churning of units on an ongoing basis etc.Not all tenants that are low income are like that but you will find averages point to this being more the norm.

If you had 10-20 units per location, you could make an argument that $3M was not enough, but with these being singles, I do not see a lawsuit getting that high unlss you are extremely negligent in the care and response to your tenants complaints.Not to mention the administrative burden and cost to maintain all of the LLC's.  

Utilize time-saving tools and technologies to streamline administrative tasks, allowing you to focus on high-value activities that drive deal closures.2.

Administratively, you need to operate the LLC entirely separately from yourself. 

I was actually about to start school fulltime in August to obtain my bachelor's in business administration but after some soul searching, and a lot of reading, I am eagerly diving into all thing's real estate.

Finally one neighbor said, 'they where searched a year ago for drug activity' nothing found, they have it well locked up, police cannot get in.

There are several administrative services that you can globally outsource for a fraction of the local cost.