Wish management would be paid better.

Despite my concerns, I was convinced to proceed with the promise of a more manageable payment plan and reassurances of quick success in the real estate market.

Hey @Dennis Gallof - I'm a broker, investor, and property manager in NYC to landlords like yourself.You're right, its very common for basements/cellars to be rented out (legally or not).

We decided to find PM to help us scale our business to a fourth state.

We don’t fully know the back story on this, but it wouldn’t be surprising if it was people trying to bide time as homes have to be rebuilt.I decided to share this story as I’m sure anyone in the real estate world would find it interesting and there are some takeaways from this.

I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.

If you're considering Tampa, it's a fantastic market with plenty of opportunities and a good balance of tourist traffic and manageable regulations.

Hello,I have an LLC, created specifically to manage rental property and I am currently creating account in mySmartMove.

I've looked into it in the past and decided it wasn't for me...but I'm always open to looking at it again to see if there was something I missed.

It also allows me to take over property management, landlords duties, and reap the cash flow now.