I charge 10% of the monthly rent, and if I have to go to the property in person for a routine inspection or to oversee a large job or high ticket estimate, Its $25/hr + $0.50/mile driven.Hiring a professional manager is ideal if you dont have the patience, mental space, or availability to receieve random spur of the moment repair and emergency requests.

Diversity of portfolio is good for maintaining capital but if you're having success in one area I would continue with it until you have enough capital that needs to be diversified and then seek out professionals in those spaces who can benefit from helping secure your capital in other asset classes, personal opinion!

I personally would be their agent, but I am very hesitant to partner with people unless I have fully vetted them.I would be their agent on a few deals, and then you would decide if you want to partner with them.

Hello everybody,I am looking to change my personal CPA and I would appreciate some referrals of local CPAs, preferably in Broward County, Florida.

At that point you pivoted to AirBnB, and you say that is sometimes covering the mortgage.I personally don't see a reason to stay in the house.  

Trash, miscellaneous such as water charge for a water leak, umbrella policy or other asset protection, book keeper/tax person, etc.  

We had personal savings and put down 5% with a conventional loan.

(This is obviously a simplification; one must consider risk, personal comfort, ability to manage, etc.).The wealth builder should always consider selling or trading his property for a property that will increase his net worth FASTER.  

While I haven't personally experienced a tenant causing major fire damage, here are a few thoughts and suggestions based on what I've learned from the BiggerPockets community:First and foremost, I hope everyone is safe and unharmed.

I personally only buy STR'S where I would want to go on vacation.