Document everything.I just had a guest at a property that I manage ask for a full refund for a stay he booked last minute, ignored paying a pet fee, ignored my request for the pet fee, asked for an early check in.  

The projected cap rate is 11%-12% which is not bad at all, especially considering that once the remodels are complete, rents will more than double.

Self Storage Project Worksheet Drive up StorageNotes:Land$499,00032.78 acresSurvey$7,000Site, elevation and building layoutFence$5,000Black chainlinkGate system$50,000Automated rolling 20ftEngineerif needed; $30,000 to $60,000Dirt work$100,000Slight roll, no dirt brought on siteBuilding demoif needed, $15,000 to $60,000Electrical- site$70,000building lighting and office if needed, LED.Electric polesif needed; $2,000 per pole.

.- You won't extend the term back to 30 years (which is definitely part of your monthly projected savings). 

On the flip side, multiple MTR/STRs in other areas could yield higher cash flow, especially in tourist-heavy or affordable markets, but managing dispersed properties can be challenging, with considerations like vacancy periods and potential property management costs if you opt out of self-management.

I'm looking for a property management software that will allow me to upload documents as well.

Whether you have tips to share or want to collaborate on a project, I'm all ears!

Does anyone recommend a good Property Manager in the Indianapolis area.

However, I'm not sure which route is best.Option 1: Equity PartnershipIf he provides the full $230K, I cover closing costs and manage the property, and we split the cash flow 50:50, that would give us each $960 per month, $11,516 annually.

Hey All, I am currently reviewing property management software, I currently manage about 25 doors. the reviews are so mixed.