They can negotiate for you and make sure the transaction is done properly, and they don’t cost you anything.

For florida we will need a hotel license and if we register our STR under us it shows our house address. 

If you're licensed, you could legally collect a real referral fee.

Some accuse them of being a ponzi scheme & I've heard that the property management arm lost their license.......Don't know what all is or isn't true.

In either case I don't recommend investing in condos, the margins are slim and there's a lot of room for other people to interfere with the proper management of the asset.

It’s up to you to decide if you have the time/knowledge to properly find, screen and manage your tenants or to hire a management co.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

In the meantime I am positioning myself by studying online to take and get my RE license, pursuing a managerial position w/Federal Civil Service to supplement my pension.

I’m in Maryland and it’s the same way, but with the proper lease and screening of tenants you are being proactive.

Of course I kept all the material receipts and paid my father and the handymen but I did not hire a contractor so I do not have proper invoices but only receipts...I probably spent around 60 to 80k for the rehab but even if I could fully deduct the expenses the capital gain would be still very stiff...A friend suggested I should reinvest right away and do a 1013 exchange to defer capital gains and another friend mentioned to reinvest through RealWealth Network.