Hi, I've become the manager of my parents' real estate investment companies pretty much out of the blue.

Hi, is there anyone here that self manages in Memphis, TN out of state if so, can you please share how you have tenants pay rent do you use Zelle, property management Sofware?

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.

Luckily I have a property manager overseeing the property so my court payments were nonexistent.

Crime is relevant, but much more important is house specific data, jobs data, location data and management data.Two, ask questions about how a turnkey company or management company if that is not provided is going to deliver the results you are seeing on paper and expecting. 

These include irregular but inevitable expenses, such as vacancy rate, repairs, maintenance, accounting, insurance, property taxes, and property management.

I manage this from out of state and was not able to be present.

This is why when you get to a 20-50 unit building many landlords turn the management over to a property manager.

We also need to communicate with our property management clients and service providers to schedule cleaners and handymen. 

So to say money for not much work shows you’re ignorant to what it takes to be an agent. 3% tops You can totally put your property up for sale on a FSBO site or use a flat-fee MLS listing service and manage the sales process yourself.