I am a great listener and implementer, not looking for a handout in anyway, I want to work smarter not harder.

I am not sure what happened or why it was left to grow too long but was wondering if anyone had systems in place to prevent this kind of issue and if it has worked well for them?

Prevented me from buying my first property for a long time (almost 20 years, don't be me!).  

After all, if someone is getting $1k a week for.... doing nothing - what would prevent him/her from doing nothing?

- Class B property in Class B+ location with 8% below-market rents- Previous owner mis-managed the property by running costs too high- Value add: Renovate 10% of units, Install smart home packages, Implement valet trash, Install kayak dock on lake, Upgrade clubhouse and on-site gym How did you find this deal and how did you negotiate it?

The lease option strategy that you mentioned could be effective if implemented properly.

It's not an insignificant investment, but we think there is significant demand.In general we look to automate processes, implement systems to quickly collect payment, increase marketing efforts to normalize occupancy to 80%, and to expand into boat/RV storage.

All utilities in a vacant unit would be on in the owner's name, however this does not prevent the PM from obtaining the account numbers and making the payments on the owner's behalf through the trust account funds.

Most leases prevent subletting and operating a business from the rental.

So, I'm starting to hear more about this 'Social Score' being implemented by China come 2020.