Now, the headline of % of rents, vs the huge number of ticky tack fees doesn't really matter in the end if the PM is good and runs a tight ship, keeping my property well maintained and occupied.

I have properties in 5 of these areas and do quite well.

Hello Bigger Pockets Family, I’m looking to invest in real estate as well as start my own property management company I have my LLC already .

We have the opportunity to purchase a beautiful, well established STR in an up and coming market.

@Dan Gongora hey Dan hope all is well!

I always check Redfin and Realtor as well, to see which has the more current info for each property.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I am meeting with an agent as well next week, but i think getting an input from other investors would be great as well.

Equity plays can turn into better deals down the line with lower interest rates and a refi, with rent appreciation - where you can raise your rents because they may currently be lower than market, and with market appreciation - where the entire rental market moves upwards in rents.But you want to take a serious look at your challenges there... because there can be many - especially if you are a limited funds investor.Equity plays really only work well when you have enough income where you can cover the unexpected.  

I can tell you all of this good stuff about how I was doing well in the Chris Goff program and you can the program and flop because you didn't do what was required.