Depending on how much you'll like to contribute to this retirement account keep in mind the self employment taxes you may need to pay of 15.3% and age if contributing to a traditional not roth type retirement account.I agree with the above based on your answer you most likely won't have issues in FL.

Typically what I advise clients is to self manage your first 2-10 units hire your management for 10-100 units and then have the management company scale with you when you get to 100-200 units.

A PM would have the simple defense of "no one wanted to book".Unfortunately, I am probably minimizing the challenges faced by the STR PM as I am not in that space.

While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).

Hi folks,Is there anyone that is self-managing their buy/hold properties in The Villages?

We do self storage.  

Do you believe self-showings, where there is little to no human contact, (to build value in your unit or the PM company), until a tenant has paid an application fee, a race to the bottom on your rent rate?  

Also note the condition of the unit, room by room, on the move-in check list.These are your primary defense EVIDENCE exhibits to be presented in court to counter the tenants claim(s) of non-habitable condition.

Your property management should send you pretty clear reports at the end of the year so as to obviate your need for such.If you have more than 3 units and self manage I suggest software - especially if you are considering expanding.I find Stessa usefulI also use buildium but not incredibly thrilled with it.  

These people should have been out a month ago. 3) They should have a procedure for repairs and evictions that would have prevented this last minute “We asked for repairs” defense.